COVER STORY

The Debt Problem Is Worse Than You Think

Even alarmists may be underestimating its size and how quickly it will become unbearable.

by John Maggs

Saturday, Nov. 7, 2009


Even alarmists may be underestimating the magnitude. It will lead to two huge challenges. The first will be reducing the annual budget deficits. The second will be pulling off a U-turn in monetary policy, as set by the Federal Reserve Board.

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