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CSIS Issues Commentary: Breaking the Debt Trap - Why Spending Smarter Beats Spending More
December 13, 2025

WASHINGTON, Dec. 13 -- The Center for Strategic and International Studies issued the following commentary on Dec. 12, 2025:

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Breaking the Debt Trap: Why Spending Smarter Beats Spending More

By Philip Luck and Michael H. Gary

Economies around the world are facing increasingly challenging fiscal landscapes. Rising debt burdens and slowing growth threaten to constrain fiscal policy for years to come. The trajectory of these economies will hin . . .

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