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Truths And Omissions As US Hits $40 Trillion In Debt
The danger of an unreformed entitlement state is about more than interest payments crowding out the rest of the budget. It's that bondholders will stop believing future surpluses will materialize, and the adjustment comes through the price level again...
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zerohedge.com
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The Unsustainable $40 Trillion National Debt
Artificially low interest rates feed inflation and distort production structures.
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Truths And Omissions As US Hits $40 Trillion In Debt
The danger of an unreformed entitlement state is about more than interest payments crowding out the rest of the budget. It's that bondholders will stop believing future surpluses…