Articles like this can make taxpayers complacent about debt.  This is dangerous. I agree that debt ceiling should be raised as a mere formality, America’s rising debt is unsustainable.  After Volcker, interest rates have declined for nearly thirty years.  This softened the cost of servicing rising debt amount.  Last year’s interest rate increase should be a wake up call.Government borrowing crowds out private investment.  Since Treasury yields set the floor in borrowing costs, everyone pays more for their borrowing.  Government is left with less discretion for other spending.How about an article with ideas to restrain government debt?

Articles like this can make taxpayers complacent about debt.  This is dangerous. I agree that debt ceiling should be raised as a mere formality, America’s rising debt is unsustainable.  After Volcker, interest rates have declined for nearly thirty years.  This softened the cost of servicing rising debt amount.  Last year’s interest rate increase should be a wake up call.Government borrowing crowds out private investment.  Since Treasury yields set the floor in borrowing costs, everyone pays more for their borrowing.  Government is left with less discretion for other spending.How about an article with ideas to restrain government debt?

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