No One Seems to Be Bothered by Massive Deficits

Max Boot: “But I’m worried precisely because almost no one else seems to be. The current level of debt may be sustainable as long as interest rates remain so low but, as Brian Riedl of the Manhattan Institute warns, even a small rise in rates ‘could bring a full-scale debt crisis.’”

“Too bad we no longer have a political party devoted to fiscal conservatism. Democrats don’t even pretend to care, and Republicans pretend to care only when a Democrat is in power.”