Source: Washington Post
by George F Will
“The sound and fury of this autumn’s politics signifies nothing but the bipartisan determination to talk about anything (data centers are the distraction-du-jour) other than the most important thing: the ruinous consensus beneath today’s performative rancor. Both parties are committed, behaviorally if not ideologically, to running huge deficits at every point in the business cycle. As a result, interest costs, which were $241 billion in fiscal 2016, have more than tripled in 10 years, to $1.1 trillion. As the cost of servicing the national debt will drive future annual budget deficits up from $2 trillion, something else will increase commensurately: the temptation of repudiation.” (10/09/26)