In a front page editorial, the Washington Post warned about the "nation's runaway debt," which is projected to rise to near its it 1946 level by 2021. At that point the debt will be still be less than half as large relative to GDP as Japan's is today. Japan can still sell long-term debt in private financial markets at interest rates of less than 1.5 percent, but the Post obviously feels strongly about this point.
The editorial also insisted the issues that separate President Obama and the...
Published on July 23, 2011 05:13