By: Kevin D. Williamson – nationalreview.com – June 19, 2022

Fiscal Armageddon is coming — eventually. It is necessary not to be an alarmist about that, but equally necessary not to be naïve about it.

Fiscal Armageddon is what will happen when the U.S. government’s debt load exceeds its ability to comfortably service that debt. The U.S. government will face a budgetary crisis, possibly a sudden one, and its response to that crisis will create ripples — or a tsunami — across the world economy. How bad it is and how Washington responds will determine the difference between a painful but manageable economic setback and a global catastrophe.

The U.S. government can, in …

To see the remainder of this article and subscribe to others like it, choose to read more.

Source: Debt: U.S. Facing Economic Crisis without Serious Policy Changes | National Review