Lew says economy still facing major challenges

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  • David Centerville, UT
    June 11, 2014 3:43 p.m.

    Perhaps the best long-term strategy for strengthening our economy is to reduce government spending, balance budgets, and pay off federal debt. We are currently spending well over $200 billion on interest to service the government debt. It is projected that by 2020 we will be spending $1 Trillion per year on interest alone. That is money that won't go to schools, defense, roads, research...nothing but paying our debt. That will dramatically hurt our economy, and already is.

    The best thing we could do, long term, is to reduce our debt and stop deficit spending.