Economics
Debt, Deficits, and Jobs. Where's the Link?
Economists and pols debate the impact of government spending
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Congressional Republicans still refuse to increase the country’s borrowing limit without concessions. The nation’s $16.7 trillion debt, in their view, is a major drag on the economy, weighing down growth and job creation. “Some economists say that we’re losing a million jobs a year just because of the burden of our debt,” Kentucky Republican Senator Rand Paul said in an Oct. 6 appearance on Meet the Press.