The US national debt doesn't matter ... Paul Krugman ...
....until it does -- ZeroHedge.
Forbes says national debt to be $78 trillion at the end of the Kamala Harris presidency. The lede:
The coronavirus pandemic pushed the government into the proverbial corner, prompting it to borrow heavily from the future to ward off a serious threat today. Without this intervention, the U.S. economy would be in a much worse recession or possibly even a depression. Even though borrowing excessively may have been the lesser of two evils, the burgeoning debt will have ramifications in the future.
With the debt approaching $27 trillion, and projected to rise to $78 trillion by 2028, it will present significant challenges. How has the national debt changed during past presidential administrations? How will a Biden or Trump win in November impact the future? How will the current fiscal crisis affect future taxation?
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US Supreme Court Staffers Burning The Midnight Oil
Prepping For Every Contingency
The Covid-19 pandemic is already having an impact on elections in the United States, with more questions arising as November draws nearer. We asked Professor Douglas Spencer, a professor of law and public policy at UConn, to explain what is happening and what the long-term implications may be.
If this were a sports tournament, the semifinals:
- Pompeo vs Nancy Pelosi
- Trump vs Kamala Harris
The finals: TBD
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