Source: Washington Monthly
by Bill Scher
“Elon Musk’s still-hypothetical third party could become reality because, as I discussed yesterday, combining historically high debt levels with an economic downturn could stoke public frustration with both parties. We saw this in 1992 when independent billionaire Ross Perot exploited rising debt to garner nearly 20 percent of the presidential popular vote. But it’s not a given that a large faction of voters will blame both parties for today’s rising debt. With nearly every Republican in federal office having voted for the red-ink-laden budget reconciliation bill, Democrats have a political opportunity to exploit.” (07/10/25)
https://washingtonmonthly.com/2025/07/10/democrats-should-prepare-for-the-return-of-debt-politics/