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Reduce Deficits Now to Avoid Fiscal Crisis

Cato Daily Podcast

CHAPTER

Addressing Unsustainable Debt Projections and Risks of Delaying Action

This chapter outlines the pressing need to address the country's growing debt concerns to prevent a future fiscal crisis, stressing the risks of delaying essential deficit reduction measures and discussing the potential repercussions of inaction including debt defaults and increased government borrowing costs.

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