26 May Expanding National Deficit and Debt Burden
Brian Wesbury is the Chief Economist at First Trust and a voice we’ve tuned into for years. In this piece, he speaks to our expanding national deficit and debt burden and proposes the government capitalize on the situation by overhauling the securities it issues. One such idea – the issuance of perpetual bonds as a means for taking advantage of today’s low-interest rates. He also explores the non-financial costs that the COVID-19 response will have on generations to come. We see a noteworthy echo to the article shared by RiverFront.