Federal spending, who gets taxed at what levels, and the borrowing the government does to make up the difference between spending and taxes, all impact the growth of the economy. Healthy growth means a stronger, more prosperous nation and expanded opportunities for you, your family and your community - more jobs, higher wages, more money to save and invest, and better government services. Growth is also essential for the United States to maintain its position of global leadership. Debt is projected to grow more quickly than the economy and eventually reach levels substantially higher than at any point in our nation's history. This process creates a drag on the economy that can lead to lower wages and living standards.
