We Don’t Have A Long-Term Deficit Problem | The New Republic

But there isn’t, in fact, a “long-term deficit problem.” So long as interest rates stay below the growth rate, as they are, debt-to-GDP levels eventually stabilize and even decline. The notion that there is a big problem is pure propaganda based on a pseudo-debate, pitting two viewpoints that nevertheless converge on the practical issue.

via We Don’t Have A Long-Term Deficit Problem | The New Republic.

About Stephen McGaughey
Economist and international consultant in economic development programs

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