<p>CRFB: Rising Debt Places Burden on Young, Future Americans</p>

CRFB: Rising Debt Places Burden on Young, Future Americans

Committee for a Responsible Federal Budget

High and rising debt, spurred on recently by unpaid-for tax cuts and spending increases, will slow income growth, increase interest rates, increase the odds of a fiscal crisis, and create a large burden for young and future Americans, the Committee for a Responsible Federal Budget said in an April 16 report.

<p>High and rising debt, spurred on recently by unpaid-for tax cuts and spending increases, will slow income growth, increase interest rates, increase the odds of a fiscal crisis, and create a large burden for young and future Americans, the Committee for a Responsible Federal Budget said in an April 16 report.</p>