USA Today: Ballooning U.S. budget deficit is killing the American dream

Paying for that debt can divert money away from private investment, which in turn may dampen wage growth, economists say.

“The exploding debt could cause as much as a 10% reduction in wage income within 30 years,” said Kent Smetters, a University of Pennsylvania Wharton School professor and faculty director of the Penn Wharton Budget Model.

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