Abstract

End of a Profligate Era
Stone, I.F. | October 31, 1987 issue

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The article discusses the economic condition of the United States. The United States, the world's number-one debtor nation, may be heading for history's biggest bankruptcy. The public debt in the Ronald Reagan, the President of the United States, era rose even faster than the private did. It more than doubled. The Federal debt went from 742.8 billion $ in 1980 to 1.87 trillion $ at the end of the second quarter of 1987. The 1988 deficit is now projected to be 185 billion $. The total government debt is now almost 2.5 trillion $.

See Also:

ECONOMIC history; BANKRUPTCY; DEBTS, Public; REAGAN, Ronald; EXPENDITURES, Public; UNITED States
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