by Ryan M. Yonk and Thomas Savidge
The American Institute for Economic Research
AIER just launched its new Explainer paper series, helping the everyman make sense of complicated economic topics. The first Explainer, Understanding Public Debt by AIER Research Fellow Thomas Savidge and Senior Research Faculty Ryan Yonk helps readers understand why there are unsustainable levels of government debt at the federal, state, and local levels and how to fix the problem.
The Explainer finds:
– Government debt is a burden on future generations. Debt-financed spending provides government spending today but pushes tax increases on future taxpayers.