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- US debt worries are overblown, former Fed economist Claudia Sahm wrote in Bloomberg.
- Household wealth stands at $142 trillion, a massive resource to fund debt, she said.
- "Politics is the real threat, not the level of borrowing. A country that prioritizes the size of the federal debt has bad priorities."
US national debt recently topped a record $34 trillion, but worries over its size are misguided, former Federal Reserve economist Claudia Sahm wrote in a Bloomberg op-ed.