Source: The Dispatch
by Jessica Riedl
“It has become commonplace to dismiss concerns about soaring government debt as much ado about nothing—a modern case of the boy who cried wolf. Indeed, voters have cycled through catastrophic warnings about runaway deficits as far back as the Reagan administration, the 1992 Ross Perot presidential campaign, the mid-1990s ‘Republican Revolution’ in Congress, and the early-2010s Tea Party era. And yet, continually rising budget deficits have not brought a debt crisis. Instead, hysterical deficit concerns have been cynically deployed by minority parties to attack the agenda of the party in power—right before they seize power and start running up deficits of their own.” (05/11/26)
https://thedispatch.com/article/debt-gross-domestic-product-ratio-economic-effects/