Bruce Bartlett: The Looming Federal Budget Train Wreck

Bruce Bartlett: The Looming Federal Budget Train Wreck

Many economists believe that the Great Recession resulted from a "perfect storm" of various factors that were not too serious individually, but when combined interacted in ways that created a crisis that was larger than the sum of the contributing causes. Something similar is developing with the federal budget. We are facing a confluence of factors that would be manageable in isolation, but will be extraordinarily difficult to deal with simultaneously.

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