Brad DeLong Lets the Cat Out of the Bag

Responding to EconomistMom, he ends his breakdown of flows with:

Aiming for a balanced unified deficit over the business cycle would, I think, be a good thing economically–but I really do not see how we could possibly get there.

Apparently, spending eight years Serbing the budget has worked. As the current Administration surely knew it would from the outset.

Tags: , , Comments (0) | |