Commentary

Op-Eds and articles by Robert Rubin on the U.S. economy, democracy, fiscal policy, poverty, criminal justice, decision-making, and other areas of public policy.

The Washington Post Leigh Whiting The Washington Post Leigh Whiting

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

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?

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