Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed. (read more at the next link)
And then there is Krugman who argues there is not a problem with deficits (read here for a very incoherent posting from Krugman).
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