Debt and Deficits

David Harsanyi: In Reality, Debt Matters. It Matters a Lot

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President Obama making an announcement
CSPAN

No worries, America. Debt is a preoccupation of the fringe, a mere distraction for anyone interested in progress. And anyway, as President Barack Obama explained this week, "we don't have an immediate crisis in terms of debt. In fact, for the next 10 years, it's going to be in a sustainable place."

But polls consistently indicate that public debt is the number two concern in America—just after jobs and the economy. If polls are to be believed, debt matters. It matters a lot, writes David Harsanyi.