First the good news: the official federal deficit is only 3% of GDP—way below the 10% figure it reached only a few years ago. Now the bad news: The real deficit is more than ten times that amount.
How Much Do We Really Owe?
Also published in Forbes Thu. August 7, 2014
John C. Goodman is a Senior Fellow at the Independent Institute, author of Priceless: Curing the Healthcare Crisis and President of the Goodman Institute for Public Policy Research.
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