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Can We Grow Out of This One?

February 8, 2010
Last week, the government released its budget projections for 2011 and beyond. Unfortunately, there is red ink as far as the eye can see. This bad news comes at the same time when investors are worried about the sovereign debt of several European countries, including Greece and Spain. To top it off, Moody’s, the credit rating agency, warned that the U.S. triple-A sovereign credit rating could come under pressure, if the U.S. economy does not perform well or U.S. policymakers do not take action to reduce the deficit. More >

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