“Government debt and deficits have emerged as a chief concern among developed world economies, as a decline in tax receipts during the recession and an increase in spending on stimulus programs combined to require record levels of government borrowing. Crafting an “exit strategy” – cutting annual deficits without undermining economic growth by doing so too quickly – has become a main focus of policymakers in Europe and the United States.” Read more. 

“Debt, financial crisis hurt U.S. competitiveness” 
Howard Schneider 
The Washington Post, September 9, 2010. 

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