Impact of the Deficit on the Economy
The Senate Finance Subcommittee on Deficits, Debt Management and International Debt held a hearing on the long term impact of the deficit on the… read more
The Senate Finance Subcommittee on Deficits, Debt Management and International Debt held a hearing on the long term impact of the deficit on the economy. The subcommittee heard testimony on the ramifications of the deficit on the health of the U.S. economy. The subcommittee took into consideration of General Accounting Office report that showed dire consequences for the U.S. economy due to the deficit. Issues brought up by the witnesses included the effect of the deficit on the nation’s GNP and the recession. close
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