June 12, 2009
The Economist: On the Public Debt
The worst global economic storm since the 1930s may be beginning to clear, but another cloud already looms on the financial horizon: massive public debt. Across the rich world governments are borrowing vast amounts as the recession reduces tax revenue and spending mounts—on bail-outs, unemployment benefits and stimulus plans.
Posted by JD Hull at June 12, 2009 10:27 PM