The GOP’s emphasis on fiscal responsibility didn’t disappear during the Trump years.
Argentine debt, pension deficits, a case study in human capital, and more.
Economist Stephanie Kelton’s supposed epiphany fails to convince.
This year’s deficit is estimated at 19.3 percent of GDP, which is nearly double the peak deficits of the Great Recession.
Our debt as a share of GDP is coming close to 100 percent soon, as opposed to the original projections of this happening in 2030.
He heroically opposed much of what goes on in D.C. — secrecy, pork-barrel spending, and corruption.
Pence does not say the deficit expansion was necessary or even aided economic growth. What he says is that raising economic growth was a more urgent than cutting the deficit.
The Congressional Budget Office predicted that the federal deficit will exceed $1 trillion annually for at least the next decade in its annual report.
Federal outlays increased by $127 billion last year while federal revenue increased by just $14 billion.