America has Multiple Deficits

America has Multiple Deficits. Lawrence Summers, January 22, 2013, Opinion. "Since the election, American public policy debate has been focused on prospective budget deficits and what can be done to reduce them. The concerns are in part economic, with a recognition that debts cannot be allowed, indefinitely, to grow faster than incomes and the capacity repay. And they have a heavy moral dimension with regard to this generation not unduly burdening our children. There is also an international and security dimension..."