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Are trillion-dollar deficits the new norm?

Veronique de Rugy  |  April 13, 2018

“… Between 2022 and 2025, deficits as a share of gross domestic product will be 5.1 percent. As CBO notes, 'that percentage has been exceeded in only five years since 1946.' For perspective, the authors add, 'four of those years followed the deep 2007-2009 recession.' … That's why these statistics should be utterly shocking; we're not in a recession. In stark contrast, the CBO projects very healthy growth numbers.”

Read the full article on: Reason

 
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