Addressing unsustainable public debt levels—before it’s too late
Thomas Halverson
While the problem of public debt is certainly not new, it has taken on heightened urgency over the last two years as the Federal Reserve has raised interest rates, making federal borrowing much more expensive than it was previously. It is the consensus amongst well-informed observers that we must address the debt problem before it is beyond our control.
A CoBank report on this topic, derived from presentations at our regional customer meetings in 2024, addresses the issue of unsustainable public debt in the United States and the long-term dangers it poses to our country.
At the end of the day, our fiscal future is a political problem as much as it is a math and economical one. Solving it inevitably requires adopting policy measures that are painful, unpopular and sustained to secure a better future for our country, our children and our grandchildren.
Disclaimer: The information provided in this report is not intended to be investment, tax, or legal advice and should not be relied upon by recipients for such purposes. The information contained in this report has been compiled from what CoBank regards as reliable sources. However, CoBank does not make any representation or warranty regarding the content, and disclaims any responsibility for the information, materials, third-party opinions, and data included in this report. In no event will CoBank be liable for any decision made or actions taken by any person or persons relying on the information contained in this report.