The national debt isn't just a big number. It's a major anchor on economic growth.

On Tuesday, The Wall Street Journal reported that government bond yields are increasing throughout the globe. As these bond yields rise, government debt becomes more expensive.

Ask would-be homeowners about the difference a percentage point or two make in the cost of a mortgage. Now apply that principle to the national debt, which topped $40 trillion last month.

People have warned about the........

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