Note: expenditure for agricultural capital construction since 1998 included the expenditure funded from additional issuing national debt.

注：从1998年开始，“农业基本建设支出”包括增发国债安排的支出。

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Without tackling the much more controversial issue of who can invest in these companies (the crowdfunding provision), or adding a penny to national debt, regulators will increase the flow of capital from qualified investors to the most productive areas of our economy.

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But beyond that, here are the top sources of anxiety: declines in consumer spending (42%), regulatory burdens (38%), the cost of health insurance benefits (33%), the growing national debt (27%), lack of available capital (21%) and federal taxes (26%).

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They all have generally favorable demographic profiles, lower absolute levels of national debt, manageable debt term structures, and many other positive economic and capital market factors.

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