We are drowning in debt
Feb 26, 2021
2 minutes
“To paraphrase Mr Micawber: ‘Annual income $3,420bn, annual expenditure, $6,552bn, result misery!’” says Peter Warburton in the Halkin Letter. The Biden administration’s $1.9trn spending proposal is another milestone in America’s long march away from “fiscal responsibility”.
Average global public debt will hit 99.5% of
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