US national debt keeps rising after years of tax cuts – and this will make policymaking all the more difficult
Democrats, set to take over Congress with robust majorities, will face at least one expensive obstacle to their policy agenda: a national debt that now equals the size of the U.S. economy. Clocking in at US$32 trillion, this debt-to-GDP ratio of 100% would likely raise alarms for other countries. But it attracted relatively little attention […]
Continue Reading
