Watching the debt deal play out was not particularly good theater, as each step on the way was perfectly predictable. There was almost never a chance of actual default, and with divided government we were always going to end up with some lukewarm agreement that satisfied almost nobody. But that is the democratic process. Nevertheless, […]
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Debt Deal Done
02 Jun 2023
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Our national debt is $16.75T, our unfunded liabilities are ~ $120T, and President Obama says we have no debt crisis. In a post last week on the national debt and deficits, I promised we’d discuss the morality of passing the debt burden on to our grand-kids. As is often the case, our moral senses are […]