Josh Bivens — The Bad Economic Science Of Paygo Swamp Whatsoever Strategic Make From Adopting It

Even to a greater extent than fundamentally, it is terrible economic science to thought federal budget deficits every bit e'er too everywhere bad. Making skilful policy inwards the hereafter volition require that voters move educated on this front. Why non get-go now? After all, our failure every bit a gild to sympathise the economic science of deficits too debt greatly contributed to the destructive deport upon of the Great Recession of 2008–09. The stakes of allowing history to repeat itself are high plenty that nosotros should accept the fourth dimension to rapidly recap the history of how costly irrational deficit-phobia has been....

The determination tin exclusively move that the Democratic leadership intends to hobble their social proposals too hence every bit non to displease the donors. Or possibly they actually are that stupid. In whatever case, they take away to move turned out.

Economic Policy Institute
The bad economic science of PAYGO swamp whatever strategic hit from adopting it

Josh Bivens, managing director of inquiry at the Economic Policy Institute