David Ditch says low interest rates after the 2008 debt surge masked the near-term cost of rising deficits, postponing rather than preventing fiscal pain. He warns higher debt can still fuel rates and inflation, while stopgap spending bills curb deficit action.
published
David Ditch says low interest rates after the 2008 debt surge masked the near-term cost of rising deficits, postponing rather than preventing fiscal pain. He warns higher debt can still fuel rates and inflation, while stopgap spending bills curb deficit action
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