Research Library

Center for Public Finance

Tax & Expenditure Policy

Debt Problems: The U.S. is not Greece

John W. Diamond | George Zodrow

Debt Problems: The U.S. is not Greece.

While the recent fiscal troubles in Greece have received much attention, the U.S. fiscal position is hardly comparable to that of Greece. However, the United States is experiencing, and will continue to experience, one of the fundamental economic costs of relatively large and persistent deficits.