But the United States has long had the lowest private savings rate of all major industrial nations--and the rate is falling, not rising.
What should be done to limit the deficit?
The first and simple thing we as Americans need to do is actively support candidates who will lead in the country's looming national debt... displayed 300 characters
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GDP. This translates into a cost of $28,026 per American, including children and the elderly.
In January 2006, the Congressional Budget Office projected that with current fiscal policy, the national debt will exceed $10 trillion by early 2009, and approach $13 trillion by 2016. displayed 300 characters
