“For decades, Washington has spent money it didn't have on entitlement programs that benefit the relatively old and rich. They have picked up the pace of spending in recent years, encouraged by economists and pundits who claimed that interest rates would always stay low and that the insatiable appetite for U.S. government debt would not end anytime soon.”
#debt #deficits #GovernmentSpending #FiscalPolicy #InterestRates #inflation #government #UnitedStates #VeroniqueDeRugy