Our Debt Problem is Far from Solved
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Despite the recent improvement in the federal budget deficit, the national debt is still on an unsustainable course. This infographic illustrates why this is a problem.
![Join Americans everywhere in telling Washington to FIX THE DEBT.
To join Fix the Debt, visit fixthedebt.org.
Cut Wasteful Spending
Reduce Military Spending While Protecting
Our National Security
Slow Health Care Cost Growth
Fix Social Security for Future Generations
Reform the Tax Code
How toFIX THE DEBT
Through smart adjustments to
the budget and tax code, we
can save trillions, while
protecting our most vunerable,
keeping America secure, and
strengthening our economy
and our future.
One way or another, fiscal
adjustments to stabilize the federal
budget must occur...[if we don’t act
in advance] the needed fiscal
adjustments will be a rapid and
painful response to a looming or
actual fiscal crisis.”
—Ben Bernanke,
Former Chairman of the Federal Reserve
“Increased Cost of Living - More debt will mean
higher interest rates on everything from credit
card debt to car loans to mortgages.
Government debt will
By not taking
responsibility for our debt, we place an
increased tax burden on our children, and
threaten their social services and retirement.
Eventual Fiscal Crisis -If we don’t act now, on
our own terms, the markets will force action
through a severe economic crisis.
What Happens If We Don’t Act Decisively?
Growing debt also would increase the
probability of a sudden fiscal crisis,
during which investors would lose
confidence in the government’s ability
to manage its budget, and the
government would thereby lose its
ability to borrow at affordable rates.”
—Doug Elmendorf, Former Director of the
Congressional Budget Office
“
Our national debt is our biggest
national security threat.”
—Admiral (ret.) Mike Mullen,
Former Chairman of the
Joint Chiefs of Staff
The national debt is likely to be 100% of the U.S. economy by 2039.
Slower Wage Growth -
crowd out productive investments, leading to
slower economic growth and lower wages.
Generational Injustice -
“](https://image.slidesharecdn.com/ftddebtnotsolved-150708215250-lva1-app6892/85/Our-Debt-Problem-is-Far-from-Solved-1-320.jpg)
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Our Debt Problem is Far from Solved
- 1. Join Americans everywhere in telling Washington to FIX THE DEBT. To join Fix the Debt, visit fixthedebt.org. Cut Wasteful Spending Reduce Military Spending While Protecting Our National Security Slow Health Care Cost Growth Fix Social Security for Future Generations Reform the Tax Code How toFIX THE DEBT Through smart adjustments to the budget and tax code, we can save trillions, while protecting our most vunerable, keeping America secure, and strengthening our economy and our future. One way or another, fiscal adjustments to stabilize the federal budget must occur...[if we don’t act in advance] the needed fiscal adjustments will be a rapid and painful response to a looming or actual fiscal crisis.” —Ben Bernanke, Former Chairman of the Federal Reserve “Increased Cost of Living - More debt will mean higher interest rates on everything from credit card debt to car loans to mortgages. Government debt will By not taking responsibility for our debt, we place an increased tax burden on our children, and threaten their social services and retirement. Eventual Fiscal Crisis -If we don’t act now, on our own terms, the markets will force action through a severe economic crisis. What Happens If We Don’t Act Decisively? Growing debt also would increase the probability of a sudden fiscal crisis, during which investors would lose confidence in the government’s ability to manage its budget, and the government would thereby lose its ability to borrow at affordable rates.” —Doug Elmendorf, Former Director of the Congressional Budget Office “ Our national debt is our biggest national security threat.” —Admiral (ret.) Mike Mullen, Former Chairman of the Joint Chiefs of Staff The national debt is likely to be 100% of the U.S. economy by 2039. Slower Wage Growth - crowd out productive investments, leading to slower economic growth and lower wages. Generational Injustice - “