Why Debt Matters

 Desmond Lachman at Inside Sources: The major problem with a high public debt level is that it saddles the government with large future interest payment obligations. That leaves little room for other public expenditures and makes it difficult for the government to...

Debt: $30 Trillion

Matt Egan at CNN: America’s national debt just hit another sobering milestone. Total public debt outstanding is now above $30 trillion, according to Treasury Department data published Tuesday. Government borrowing accelerated during the Covid-19 pandemic...

Debt Be Not Proud

Brian Riedl at the Manhattan Institute: Today’s trendy economic argument asserts that the current debt-to-GDP ratio of 100% has not harmed the economy, and therefore Congress can easily afford large new government expansions. But that argument has two fatal flaws....

Backwards Budgeting

Don Wolfensberger at The Hill: What is strange about this fiscal round is that it was not preceded by adoption of the usual concurrent resolution on the budget — the lead engine that pulls all subsequent budgetary actions on spending, revenues, deficit, and debt.  The...