The U.S. Debt Crisis: A Glossary and Guide to the Key Issues in 2012 - Charles Davi - Business - The Atlantic
The collapse of the supercommittee in November guarantees that arguments over U.S. debt won’t go away in 2012. Instead, the presidential race should only intensify partisan bickering over our debt, who’s responsible for it, and what we can and should do about it.
Consider this your end-of-year glossary and guide to next year’s debt debate. Despite the noise, there are some objective facts underlying the debate to which we can anchor ourselves. Only after we understand these facts about the U.S.’s actual and projected fiscal health can we define a set of rational policy responses to remedy what everyone agrees is a looming, and potentially devastating problem.