CAROL ROTH: Trump is right to worry about interest rates — but there’s a price to pay

This administration was handed a fiscal mess, and with that a difficult path. Our debt/GDP is in the neighborhood of 120%, the level of an emerging market in crisis, held together by the U.S. dollar still being a major reserve currency and trade currency, as well as the importance and relative stability of our economy and financial markets.

Our government continues to run massive deficits — the type you might see during a recession or war, not during a time of GDP expansion. And we are now...