> Finally, an important mitigating factor with our debt is the unique position we hold in the global financial system. Treasury yields remain at historic lows.

> Finally, an important mitigating factor with our debt is the unique position we hold in the global financial system. Treasury yields remain at historic lows. The market seems unconcerned with the debt, and remains happy to finance us. Not only that, but Federal expenditures to service the debt as a percentage of GDP have remained extremely low, lower than in the 80s and 90s [1]. It didn't even really rise that much from the Bush tax cuts and the financial crisis. By most measures then, the debt is relatively benign unless GDP starts taking a major nosedive. 1. https://fred.stlouisfed.org/series/FYOIGDA188S https://fred.stlouisfed.org/series/FYOIGDA188S