Maya MacGuineas: The national debt still matters, despite low interest rates

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion piece for the Washington Examiner, an excerpt of which is below:

With the election upon us, the growing national debt is not the top policy priority for most voters. That’s understandable given that the ongoing pandemic and economic recovery are the most pressing priorities. At this moment, more borrowing is needed.

But there are certain to be continued calls for borrowing long after the economy has recovered. Thus, it’s worth revisiting why excessive deficit spending isn’t wise.

Read the entire piece here. 

"My Views" are works published by members or staff of the Committee for a Responsible Federal Budget, but they do not necessarily reflect the views of all members or staff of the Committee.