Acton Institute Powerblog Archives

Economics and Social Problems

Middle-class America’s debt problem

In recent months, the question of America’s ballooning public debt has started receiving more attention. Far less interest, by contrast, has been given to the growing amount of private debt. A recent Wall Street Journal article, however, highlighted a growing phenomenon that, I think, merits more attention. Continue Reading...

America’s unfortunate debt consensus

In an age of deep partisanship and political division, there’s one thing about which America’s political class appears to agree—the public debt being incurred by the U.S. Government. This year, the United States Treasury expects to issue about $1.23 trillion in debt, down slightly from the $1.34 trillion issued in 2018. Continue Reading...