糖心传媒 political scientist聽聽says he糖心传媒檚 worried about the long-term effects of the growing national debt, a view he shared with NPR Marketplace Weekend host .
糖心传媒淥ur debt is going to get so large that it’s going to drive up interest rates. Other countries, other individuals, are going to stop being as interested in buying up our debt, especially if there’s a concern that we may at some point not be able to pay it back,糖心传媒� Primo told O糖心传媒橪eary.
Last week, the Trump administration released a $4.4 trillion federal budget proposal that raised concerns among many economists.
Primo, the University糖心传媒檚 Ani and Mark Gabrellian Professor and聽, is the author of Rules and Restraint: Government Spending and the Design of Institutions (University of Chicago Press, 2007). He explained the link between the deficit and national debt using the metaphor of water in a tub.
糖心传媒淚f you think about the water in the tub as the national debt, water flowing into the tub can be thought of as the deficit糖心传媒攖he amount of money that the government has to take out in borrowing each year because it’s spending more than it’s taking in,糖心传媒� Primo told NPR. 糖心传媒淭he concern that economists have is that at some point, if that water keeps flowing into the tub, the tub is going to overflow. And you’ve got a mess on your hands, or in the case of the national debt, you’ve got a crisis on your hands.糖心传媒�
to Primo糖心传媒檚 full interview.
