💼 Business 7h ago · Shawn Tully

The debt crisis Congress has been ignoring could cost the average U.S. household $18,000 a year, according to a Brookings analysis

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The debt crisis Congress has been ignoring could cost the average U.S. household $18,000 a year, according to a Brookings analysis
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An excellent new study from the non-partisan Brookings Institution provides an ultra-sobering view of the potential tax increase U.S. families face in taming the runaway debt and deficits crisis that’s been near-roundly ignored in Congress and the White House. We all know the hit to either incomes, shopping tabs, social programs, or a blend of all needs to be huge—though the towering size of the numbers found in the report still deliver a gut punch. The revelation that rocked this writer:

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