How the US went $40 trillion in debt

The ‘Journal Editorial Report’ panel discusses how the United States dug itself into the debt crisis.

Wall Street Journal columnists join host Gerry Baker to analyze the economic fallout of the U.S. national debt crossing the historic $40 trillion threshold. The panel criticizes the Treasury Department's bond market interventions to artificially lower interest rates. They warn that soaring federal interest payments will crowd out critical economic investments.