[chrisk]

The US has rarely reduced its debt and it’s even more unlikely in the current anti-tax environment. At some point in the recovery, there will have to be some combination of higher interest rates and private savings incentives/mandates to allow room for the explosion in future entitlements.

[chrisk]

The US has rarely reduced its debt and it’s even more unlikely in the current anti-tax environment. At some point in the recovery, there will have to be some combination of higher interest rates and private savings incentives/mandates to allow room for the explosion in future entitlements.