Wow! The public’s perceptions of the national debt have changed faster than a flat tire in a NASCAR pit. A year ago, it was the received wisdom on the left that only Tea Partiers and other tinfoil-hat conservatives took seriously the notion that the United States might one day borrow so much that it would wind up defaulting on its Treasury securities.
Now, consider this passage written by Graham Bowley in the New York Times last week about warnings emanating from two major credit-rating agencies that the U.S. might lose its AAA status if the national debt keeps growing:
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.