On the recordJanuary 27, 2010
If you take on too much debt, it affects the rate of economic growth in a country adversely.
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congress.govIf you take on too much debt, it affects the rate of economic growth in a country adversely.
Kent Conrad discusses the negative impact of excessive debt on economic growth.
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We tried to include some of these ideas in our Social Security reform package, to actually provide incentives in the system for people to continue to work.
We did a whole series of things in our Social Security reform not to discourage people from working, but to encourage them to continue working if they are able to do so.
What is realistic is to deal with these changes in a way that does expand access, that does expand the opportunity for people to participate in a retirement plan at work.