Alan Auerbach Raises Concerns Over Federal Debt

-Investor’s Business Daily, August 19, 2010 by Jed Graham
http://bit.ly/b0cEsY

“It would be dangerous to the economy” to let all of the tax cuts expire, said University of California, Berkeley, economist Alan Auerbach.

-Bloomberg Businessweek, August 23, 2010 by Chris Farrell
http://www.businessweek.com/print/investor/content/aug2010/pi20100823_918366.htm

Economists Alan Auerbach of the University of California at Berkeley and William Gale of the Brookings Institution calculate that if the economy reaches full employment in 2014 and stays there for the rest of the decade, staying the course with current fiscal policies would lead to a national debt in the range of 90 percent of gross domestic product by 2020.