Misguided Hysteria Over Rising U.S. Debt
The U.S. is in no danger of a Treasury debt crisis and can carry far more debt than people believe without dire consequences.
David A Levy
September 3, 2010
The U.S. Department of the Treasury seal is displayed outside of the headquarters in Washington, D.C., U.S., on Wednesday, Oct. 21, 2009. Treasury Secretary Timothy Geithner said the bank capital-purchase program in the $700 billion bailout will be allowed to expire later this year because parts of the economy and markets are stabilizing. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
