Navigating the U.S. National Debt Landscape

This chapter examines the effects of U.S. national debt on the treasury market, focusing on recent bond yield movements and their potential implications for interest rates. It addresses future government policies, tax code changes, and the challenges posed by the impending exhaustion of the Social Security Trust Fund. The discussion also highlights the complexities of managing defense spending amidst budget constraints, emphasizing the need for strategic decision-making in a shifting economic environment.