Does U.S. Government Debt Carry the Risk of Default?

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No!  Yes, the U.S. Treasury is in the process of borrowing $3 trillion to pay for the coronavirus response.  It is not surprising that this unprecedented increase in the national debt has given rise to the issue of default.  But the short and simple answer is, no, because the government can print money.  If you borrow … Continued

Deficit Spending

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It is now clear that congressional budget compromises are an excuse to spend more on everyone’s wish list rather than to make hard decisions regarding appropriate priorities. Running up the deficit is not a recent phenomenon.  Adding to the national debt has been the reality of both political parties for a long time, as no … Continued