Does National Debt Still Matter Americas Gamble

Fiscal hawks have been sounding the alarm about rising debt levels for decades, but their nightmare scenario of runaway inflation hasn t come to pass. How do we know if this time is different Full text, links, and credits: Subscribe to our YouTube channel: Like us on Facebook: Follow us on Twitter: Reason is the planet s leading source of news, politics, and culture from a libertarian perspective. Go to for a point of view you won t get from legacy media and old leftright opinion magazines. In 2010, when former White House Chief of Staff Erskine Bowles and former Sen. Alan Simpson (RWyo. ) were appointed to cochair President Obama s deficitreduction commission, the Congressional Budget Office (CBO) offered two projections on the future of American debt. One forecast saw debt ballooni