Unsustainable debt will kill US economy

Bixby says unsustainable debt will ‘kill’ US economy – Bloomberg

July 18 (Bloomberg) -- Robert Bixby, executive director of the Concord Coalition, talks about congressional negotiations over raising the U.S. debt limit and reducing the federal deficit. Bixby, speaking with Mark Crumpton on Bloomberg Television's "Bottom Line," also discusses prospects for a balanced budget amendment to the U.S. constitution.