While economic policies during the past year have focused on leading the United States from crisis to recovery, longer-term fiscal issues are also becoming more serious. After months of increased spending aimed at pulling the economy out of recession, the soaring U.S. budget deficit has only worsened — projected to total more than $1 trillion for the fiscal year that ends on September 30.
On Wednesday, September 30, Brookings guest scholar and former Member of Congress William Frenzel, along with Politico’s Fred Barbash, answered your questions about the U.S. budget deficit and its link to health care reform and economic growth.