Massive coronavirus spending lighting the fuse on national debt bomb

The conversation surrounding the novel coronavirus and the ensuing societal lockdown has understandably focused for the most part on how to contain the spread of the virus, how far to push restrictions, how to stimulate the economy, and when to reopen society for business. But amid it all, the extraordinary levels of government debt being hammered through Washington have gone largely unnoticed — potentially lighting the fuse on a debt-fueled bomb that might tank the recovering economy.

At least, that’s what a new report from the Committee for a Responsible Federal Budget suggests.