Fiscal Crisis Concerns from the Left
The monograph linked to below, published jointly by the center left Urban Institute and Brookings Institution, provides a sober, thoughtful analysis of the dangers of a fiscal crisis in the US as well as possible outcomes. Bottom line: There is a very serious risk of such a crisis but the timing is unpredictable. But if it happens, millions of Americans will find themselves in dramatically painful circumstances financially. The poor are most likely to be hardest hit as government payments are reduced, pensions are reduced, and government services are reduced.
Read it and be concerned: