America\'s Looming Fiscal Emergency: How to Balance the Books

Published: Sept. 22, 2010, 7:29 a.m.

b'The administration calls its own long-term borrowing needs \\\\"unsustainable.\\\\" Public debt is on a steeply climging trajectory. Some believe that ongoing deficits and rising debt may push interest up. Are these concerns justified? What, if anything, should be done to bring public spending and public revenues back into long-term balance?'