Soaring Government Debt: A Crisis In Waiting?

Section II of this month’s Bank Credit Analyst report is a guest piece written by Martin Barnes, which we are making available to all clients. Martin, who retired from BCA Research as Chief Economist last year after a long and illustrious career, discusses the long-run outlook for US government debt and the possibility of an eventual crisis. Martin’s report serves as an important reminder of the unsustainable long-run trajectory of government debt and deficits, which we trust you will find both interesting and insightful.