I’ve been proclaiming for at least a decade that the most dire threat to our country is the national debt. I am not an economist, so I don’t have any solutions to this except common sense things like cutting entitlements and, thus, spending. But, as the author said, these are taboo third-rail subjects and no politician will touch them. I had hoped with the election of Donald Trump, a man who knows something about debt, that he would take some steps to halt the slide, but it appears not, unless he has some plans for his second term. Otherwise, there is unimaginable, catastrophic financial pain in the U.S. future that likely will take the rest of the world down with it.
I have been saying this for 30 yesrs. I have been wrong best predictor of inflation is 10 and 30 year bond yields which are at historical liws. I have no idea why
He has taken steps. Getting people off of government assistance and into work is a step. Decreasing regulation is another. The debt took a long time to build; it's going to take a while to pay down.