Why America’s $40 trillion debt is starting to worry markets

CEI’s Senior Economist Ryan Young was cited by The National Desk regarding America’s $40 trillion debt.

America hasn’t had a balanced budget since the Clinton administration and the path to returning to one is filled with pitfalls that grow more challenging the longer Congress waits to address it.

“As doomsday dates get nearer and nearer to at this point where the next administration will have no choice but to deal with them, it’s starting to get real,” said Ryan Young, senior economist at the Competitive Enterprise Institute. “Even though there’s nothing magical about that $40 trillion number, it perked people’s ears up.”

Read the full article at The National Desk.