The coronavirus pandemic pushed the government into the proverbial corner, prompting it to borrow heavily from the future to ward off a serious threat today.
Without this intervention, the U.S. economy would be in a much worse recession or possibly even a depression. Even though borrowing excessively may have been the lesser of two evils, the burgeoning debt will have ramifications in the future.
With the debt approaching $27 trillion, and projected to rise to $78 trillion by 2028, it will present significant challenges.
Read more at Forbes.