3 korrents from this piece
Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.
Our reading
The United States is not at risk of a financial crisis caused by the size of its government debt.
Their wordsSo my baseline assumption is that people will continue complaining about the trillions of dollars we have in debt but it won’t lead to a financial crisis.
Their wordsI think the fact that the government took on debt during two crises to help households was a good trade-off.
Our reading
The real danger of high government debt is the policy errors it provokes, not a debt crisis.
Their wordsBut I am worried about high government debt levels causing policy errors.