× Sign Up Today and Support Local Journalism Enjoy more articles from Beatrice's Most Trusted Information Source. Next year, the federal debt — the sum of the year-after-year gush of annual deficits — is forecast to exceed the size of the entire American economy for the first time since 1946. It might be surprising to hear that most economists consider the money well-spent — or at least necessary. That's especially true, economists say, when the government's borrowing costs are super-low and investors still seem eager to buy its debt as fast as the Treasury issues it. Here's a closer look at the federal debt and the government's use of it to combat the pandemic and the economic pain it's inflicted.

Source: Daily Sun September 05, 2020 14:15 UTC