One critical reason cited by many arguing against aggressive stimulus spending by the federal government: the national debt. As the total National debt now totals over $26.7 trillion, the U.S. debt-to-GDP ratio is one of the highest in the world.
Yet when asked, top economists and policymakers, however, are not concerned.
Nobel laureate Esther Duflo told CNBC, “That is not something that the general public should be worried about for the time being at all.” She continued, explaining that American credit is one of the safest assets to hold, so in a sense, it is unlikely that the government will ever have to repay this debt.
More: CNBC.COM