'it’s a terrible intergenerational transfer. We are simply leaving for our children additional trillions of dollars of debt"
"We would probably all agree that increases in our national debt of these kinds of orders of magnitude have a number of deleterious effects. First, they push interest rates up. … That not only increases the cost of borrowing for the federal government, it increases the cost of borrowing for private corporations whose debt is priced off of government paper.
http://www.thefiscaltimes.com/2018/0...-Cons-Tax-Cuts
"We would probably all agree that increases in our national debt of these kinds of orders of magnitude have a number of deleterious effects. First, they push interest rates up. … That not only increases the cost of borrowing for the federal government, it increases the cost of borrowing for private corporations whose debt is priced off of government paper.
http://www.thefiscaltimes.com/2018/0...-Cons-Tax-Cuts
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