On his watch, the United States has borrowed aggressively -- during the good times, and now the bad times. Economists agree that the United States must continue to rack up debt to prevent a full-blown depression. Worries about debt forced the United States to rein in spending shortly after the Great Recession a decade ago. "It doesn't blow us up -- because interest rates are so low," said David Kelly, chief global strategist at JPMorgan Funds. Higher taxes, less spendingStill, it's a mystery when and if the bond market will eventually balk at high US debt and demand much higher interest rates.

Source: CNN May 06, 2020 18:22 UTC