Federal Debt Dangers

NY Harbor from Brooklyn Heights

This Substack post was not on the schedule. It is being published today and will not interfere with the continuation of the federal debt series of about ten articles.

Please spend eight minutes on this video by the WSJ. It does an amazing job of providing an overview of the federal fiscal crisis. Use the link below.

https://www.wsj.com/video/series/news-explainers/when-does-the-national-debt-become-genuinely-bad/EDACA508-4D17-48F0-84C5-51B2ABD55776

Also, as another bonus, the graph below shows the USA to be unusual. Elaboration on this matter will begin in the series on why we are in this position, what it causes, and what might be done about it. That series will begin after the federal debt.