DebtMattersARoadMapforReducingtheOutsizedUSDebtBurdenOverviewFiscalrestrainthasbecomeevenmoreimportant.TheUSandglobaleconomieshavebeenbatteredbytwoglobalshocks:theCOVID-19pandemicandtheRussianinvasionofUkraine.IntheUS,thesetwoshockshavecompromisedevenfurtherournation’sdeterio-ratingfiscalhealth,leavingthenationwithevenhigherdebt,highinflation,risinginterestrates,andapossiblerecession.Debtmatters.Highlevelsofdebtcandiminisheconomicgrowth.Risingdebtservicecostswillconsumethediscretionarybudget,crowdingoutallotherpriorities;causehigherinterestratesandborrowingcostsforpublicandprivatesectors;weakeninvestment;anderodethestandardofliving.Thecombinationofhighin...