“America’s Debt Crisis”

“We really need about a $4 trillion deficit reduction or debt reduction package over the next 10 years,” David M. Cote, chairman and chief executive officer of Honeywell International, warned at the February 6 meeting of the Chief Executives’ Club of Boston. Cote used data from the Congressional Budget Office to illustrate the problem and consequences of the country’s $16.7 trillion debt if it is left unchecked.