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Reason
Reason
J.D. Tuccille

With Rising Debt, the U.S. Federal Government Is in Bad Company

Misery loves company, as they say. But does financial irresponsibility also enjoy spending a little quality time with friends? If so, it's quite a party. While the U.S. government is famously running up debt to stratospheric levels, governments around the world have been spending beyond their means and borrowing to make ends meet. The likely result: financial markets put at risk by over-extended governments and slow economic growth for pretty much everybody.

Soaring Government Debt Everywhere

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