The Debt Crisis Is Getting More Dangerous-And You Will Feel It

For years, Americans have heard warnings about the national debt climbing into the tens of trillions of dollars. The numbers have become so large that they barely register anymore. Thirty trillion. Thirty-five trillion. Nearly forty trillion. But the real danger may no longer be simply how much America owes. It is how much America must now pay to keep borrowing. The U.S. Treasury is selling 30-year government bonds at yields around 5.2%, potentially the highest borrowing cost for that maturity in roughly a quarter century. That may sound like something only Wall Street investors should care about. It isn't. Because...