The Runaway Income and Wealth Inequality in America Message Board

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Politics : The Runaway Income and Wealth Inequality in America

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To: ryanaka who wrote (5)	3/17/2019 6:47:25 PM
From: ryanaka	of 67

Debt is suddenly hot The truism that debt and deficits matter is fading away among policy elites. Driving the news: The chorus is telling us don't worry, be happy: The Wall Street Journal: "Worry About Debt? Not So Fast, Some Economists Say" ... Foreign Affairs: "Who’s Afraid of Budget Deficits?" ... NY Times: "How America Learned to Stop Worrying and Love Deficits and Debt." Show less The NY Times' Neil Irwin captures the debtgeist: "Economic orthodoxy that ruled for decades held that fiscal responsibility was inherently good and the national debt a leviathan to fear. Now the intellectual and political currents are flowing — gushing, really — in the opposite direction."That's after the national debt passed $22 trillion, the most ever — $2 trillion of that while Trump was in office. https://www.axios.com/national-debt-deficit-matter-738423e7-a283-4576-8eda-bdf7f3fe9fb3.html

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