BEYOND THE PAIN, A REVIVAL OF THE AMERICAN DREAM

The pain seems all too immediate. benefits are cut, programs terminated, federal employees laid off. But would a balanced budget bring any quick payoff for the average American? Yes, according to many economists and Wall Street analysts. A deficit-free America would enjoy widespread benefits in the form of lower interest rates for mortgages and business loans. That would spur a boom in housing construction and business investment, creating jobs and raising incomes.

It may sound like trickle-down economics, but the process is much more reliable. Eliminating the deficit would ease the government's demands on America's already shallow pool of savings, which...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!