Economists Who Weren’t Worried About the Debt Are Now Panicking
Economists who previously dismissed concerns about U.S. national debt are shifting their stance as the debt reaches $40 trillion. The primary concern is the rising cost of interest payments in an environment of persistently elevated interest rates.
Why it matters
Shifting expert consensus on fiscal policy suggests growing anxiety regarding the long-term sustainability of U.S. government spending.
What really concerns them isn’t just the $40 trillion.
The article presents a balanced view of economic theories and reports on a shift in expert opinion without taking a partisan stance.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in