✉news BusinessEconomy first seen 17 h ago, last 49 min ago, peak #1
Strong growth alone cannot fix US debt, experts warn
Original: It's 'probably not plausible' that a strong economy can steady U.S. debt as 5%-6% growth is needed
A Fortune analysis argues it is 'probably not plausible' for the US economy to outgrow its debt burden, since stabilizing the national debt would require sustained growth of 5% to 6%, far above typical US rates. The claim has renewed debate over fiscal policy, deficits and whether spending cuts or tax changes are needed instead of relying on growth.
Why now: Concerns about the size of the US national debt and deficits are again prominent in economic and political debate.
Evidence
- It's 'probably not plausible' that a strong economy can steady U.S. debt as 5%-6% growth is needed · Fortune
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