Many Americans have grown numb to headlines about trillion-dollar deficits and a national debt that will destroy the U.S. economy. It has become routine to hear that Washington has added yet another trillion dollars to the tab. The public has no belief that there is a problem. After all, we have heard it all before, and nothing bad has happened yet.

But what would a true debt crisis look like, and how close are we to having one?

Recommended Stories

A balanced budget amendment is far bigger than a presidential election

Biden can’t ignore the Constitution and give himself unilateral power to raise the debt ceiling

Congress must not wait to refinance Social Security