SALT LAKE CITY—Excessive government spending and mounting national debt will likely trigger a financial crisis in the next 18 months, economist Stephen Moore warned on July 28.
"It's a very precarious time economically for the country," Moore told The Epoch Times during the annual meeting of the American Legislative Exchange Council (ALEC) in Salt Lake City.
"There is a debt hangover coming. And if we stay on this path that the Biden administration wants us on, I believe there will be another financial crisis."