Charting the Future Amidst a $31 Trillion (and Growing) Problem
It’s the number which needs no formal introduction, and it’s an elephant in the boardroom of every business in America whether acknowledged or not. No strategic plan, economic forecast, or growth projection is complete without cognizance of how a $31 trillion national debt service will muscle its way throughout the US economy. The goal of this article is to raise awareness of how incremental national debt impacts private businesses and explain why a pain-free past of borrowing is no indicator of future consequences from more borrowing. Finally, there are some pointers at the end of the article to help business owners consider how to handle asset valuation changes caused by a national debt crisis.