Stop Worrying, & Learn to Love National Debt

Moody’s recent downgrade of the U.S. credit rating has put the national debt in the spotlight once again. Recent increases in Treasury bond yields and the passage of President Trump’s “Big Beautiful Bill,” which is likely to further increase the debt, have added to worries about the country’s fiscal position. Former President Barack Obama’s budget director, Peter Orszag, joined the chorus, warning in a New York Times essay that it is now time to worry about the debt. Read Full Article »