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U.S. private and public debt to foreigners, including foreign governments, is enormous and still growing. The debt is damaging the U.S. economy and the country’s stature as a world leader. Reducing this debt will require public action to restrain the fiscal deficit and bolster private savings and trade. Ultimately, adopting a national growth and innovation strategy would highlight key economic sectors for balancing international flows of goods, services, and capital.

The Other Deficit— the International One— and How to Shrink It

About the Author

Kent Hughes

Kent Hughes

Public Policy Fellow;
Former Director, Program on America and the Global Economy, Woodrow Wilson Center
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