Catherine Rampell: Why we’re borrowing to fund the elderly while neglecting everyone else

Catherine Rampell: Why we’re borrowing to fund the elderly while neglecting everyone else

The latest battle over a government shutdown has passed, with Congress electing to keep funding flat. The Moody’s threat to downgrade U.S. sovereign debt has faded from the headlines. Even the elevated 10-year Treasury yield, with its threat of sending U.S. interest costs spiraling out of control, has cooled off a bit. Catherine Rampell / Washington Post It might be tempting to assume these developments mean we’ve made some progress on the count…