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It’s time we combat America’s debt problem

Originally published in Utah Business

The late economist and former chair of the Council of Economic Advisers, Charles Schultze once said: “The deficit isn’t the wolf at the door; it’s termites in the woodwork.” This clever imagery reminds us that debt won’t blow our house down, but it will eat away at its foundation. Mr. Schultze’s keen observation stands in sharp contrast to a rising chorus of opinion leaders who argue that deficits don’t matter. I beg to differ.

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