Beware America’s Soaring Public Debt
In the near term, strong economic growth could shield US President Joe Biden from the consequences of his reckless spending. But if his administration’s growth forecasts prove excessively optimistic – or even if they turn out to be accurate – he may come to regret it.
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STANFORD – America needs to rein in its soaring national debt. But US President Joe Biden seems eager to do just the opposite. The risks are too big to be ignored.