The Debt Ceiling's Double Talk The $40 trillion national debt milestone has been met with a mix of alarm and complacency from economists, but one thing is certain: interest rates on that debt are rising at an alarming rate.
For decades, some economists have warned about the dangers of high debt, while others have dismissed it as a manageable problem. But now, even those who once saw the debt as a minor concern are sounding the alarm.
Martha Gimbel, executive director of the Budget Lab at Yale, notes that part of the reason some economists are changing their tune is because they're starting to realize that interest rates will likely remain high for an extended period.