This is exactly what scares me. I believe that the concern about deficits can be overheated and wrong headed a lot. Deficits are not inherently bad. But we are clearly in the autumn of the recovery and when we have recession things are going to get ugly.
With 11 months of FY2018 on the books, the budget deficit has reached nearly $900 b, after strong growth, tax cuts and higher spending. What will happen even with a minor economic slowdown? This needs a bit more attention, no? https://www.cbo.gov/publication/54442 …
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These budget deficits are way too high and ridiculous. Both parties share in this and both have ignored. We need some fiscal restraint.
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