Authors:

  • Paul Sheard

Excerpt

September 8, 2023, Opinion: "The U.S. national debt currently stands at $32.91, and 10 months into this fiscal year, the U.S. government has spent $1.6 trillion more than it has collected in revenue. Those intimidating figures animate political battles that can shut down the government and even bring it to the brink of default. But the meaning of this money isn’t as simple as it seems. Five myths in particular deserve straightening out."