Unless current policies are reformed, the national debt will continue to grow, making a sovereign debt crisis, like those in Ireland and Greece, inevitable, according to a new paper by Rudy Penner of the Urban Institute. Penner co-chaired a MacArthur-supported, non-partisan committee that offered policymakers multiple ways to stabilize the national debt.

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Improving the Nation’s Fiscal Future, Policy Research, Debt/Deficit, Policy, Research, United States