On September 1, 2022, distinguished co-authors Admiral Bill Owens, Former Comptroller General of the United States David M. Walker, and Dr. Barry Poulson shared their concerns about the effects of high and rising debt. “Mounting debt burdens are having an impact on our national security,” they said. “Larger deficits have caused investors to demand ever-higher interest rates. When the Federal Reserve starts to divest itself of its trillions in U.S. Treasury securities, the upward pressure on interest rates is likely to increase further. Paying more for interest reduces the ability to fund national security and other important federal initiatives.”
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