Jared Bernstein has transitioned from being a proponent of budget deficits to warning of increasing debt dangers for the U.S. He cited President Trump's economic policies, identifying a correlation between rising debt and slow economic growth. Bernstein highlights the importance of having economic growth outpace debt interest rates, comparing the situation to unsustainable student loans. As delinquency rates among student borrowers rise, he notes the risk of a national debt crisis if current trends continue.
No longer. I, like many other longtime doves, am joining the hawks, because our nation's budget math just got a lot more dangerous.
Conversely, though, if they borrowed to the hilt-and if their student loan debt starts growing faster than their income-they can quickly get in trouble.
The U.S. is inviting a debt shock if it continues on its current trajectory, which is starting to look like unsustainable student loans.
Collection
[
|
...
]