Renewing America
Authors: Roger C. Altman, Chairman, Evercore Partners, Inc., and Richard N. Haass, President, Council on Foreign Relations
November/December 2010
Foreign Affairs
The U.S. government is incurring debt at an unprecedented rate. If U.S. leaders do not act to curb their debt addiction, then the global capital markets will do so for them, forcing a sharp and punitive adjustment in fiscal policy. The result will be an age of American austerity.
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