America’s debt has exploded. Why does no one care?

The Washington Post
Written By Leigh Whiting

By Robert E. Rubin

At a panel I recently moderated in New York about our country’s unsustainable fiscal outlook, someone asked a simple question: So what? Nothing bad has happened despite immense fiscal deterioration — our debt-to-GDP ratio has more than doubled in less than 20 years, from 33 percent in 2000 to 78 percent today , and is on course to reach nearly 100 percent in 10 years and continue rising — so why worry now?

Leigh Whiting
Previous

Borders Won’t Protect Your Country From Coronavirus
Next

Philosophy Prepared Me for a Career in Finance and Government