The hottest Debt Policy Substack posts right now

There is a possibility of big tax increases in the U.S. to manage the rising debt. This could mean people will need to pay a lot more in taxes than they do now.
Health care might start being divided into two levels: basic and luxury care. Many older people might have to pay out of their own pockets for better medical services.
Medicare could cut down on what it covers, making it harder for people to get certain medical treatments. This could lead to a situation where only the basic care is affordable without extra costs.

Keeping the government closed can actually be better for gold prices. When the government is open, it tends to spend more money, which can harm the value of gold.
High national debt leads to rising gold prices. As the US debt increases, foreign governments are buying gold as a safer investment away from the US dollar.
Recent market shifts show investors moving away from tech and crypto toward more stable investments like gold. This trend emphasizes the desire for safety during uncertain economic times.

The debt ceiling doesn't really help control government spending. Instead of a strict limit, we should look at reviewing and approving spending more carefully.
There's a belief that the Constitution may not allow for default on public debt. So, some argue that the president could ignore the debt ceiling if Congress keeps spending money.
Many experts think that the repeated struggle over the debt ceiling does more harm than good for the economy and suggest it's time to get rid of it altogether.

The Biden administration has canceled around $180 billion in student loans, shifting the financial burden to taxpayers. This means taxpayers might end up paying for loans that borrowers took on.
Multiple student loan forgiveness plans are being implemented, even after some were blocked by the Supreme Court. The government is finding other ways to forgive loans through existing and new programs.
Some plans, like the Public Service Loan Forgiveness, are still active and help many borrowers have their debt wiped out, raising questions about fairness and the future cost to taxpayers.

The new US tax and spending bill will increase the country's deficit by over $3 trillion in the next ten years. This could lead to serious long-term financial issues.
Continuing on the current debt path might spiral into a situation that threatens the independence of the Federal Reserve.
The Congressional Budget Office's debt projections might actually be underestimating the impact of the new spending bill on US debt compared to GDP.

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German politicians are more open to increasing debt-financed spending than many people think. They often pay for higher interest costs by issuing new debt.
When faced with rising debt expenses, German officials prefer to cut planned government spending rather than reduce existing programs or raise taxes.
The idea of creating 'blue bonds' in the EU, which could help finance spending and improve productivity, may gain acceptance in Germany despite past resistance to debt.