1. American Profligacy and American Power
- Author:
- Richard N. Haass and Roger C. Altman
- Publication Date:
- 11-2010
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- The U.S. government is incurring debt at an unprecedented rate. If U.S. leaders do not act to curb their debt addiction, then the global capital markets will do so for them, forcing a sharp and punitive adjustment in fiscal policy. The result will be an age of American austerity.
- Topic:
- Economics, Government, and War
- Political Geography:
- Iraq and America