The Mess We're In

Introduction

This article By George P. Shultz, Michael J. Boskin, John F. Cogan, Allan H. Meltzer and John B. Taylor describes the current state of the federal government and the financial crunch that it faces. United States government at this point in time is spending more than it was before the financial crisis hit the global economy. The government, in its attempts to motivate consumers to spend, is looking to finance its debts. This has led to the fact that the government now has insufficient funds and imposing or increasing taxes is the only way for to earn revenue. ...