- Economics
- US Labor Market
- Budget & Spending
- Monetary Policy
- Law & Policy
- Regulation & Property Rights
- History
- Economic
- US
- Politics, Institutions, and Public Opinion
- Campaigns & Elections
- Civil Rights & Race
Federal debt has now hit 100% of GDP. With no sign that spending will be reined in anytime soon, John Cochrane looks at the possible consequences — and potential fixes for — an economy headed for a reckoning.