PAYGO: The Most Obvious Republican Trojan Horse Ever
January 10, 2019
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6:02Now PlayingPAYGO: The Most Obvious Republican Trojan Horse Ever
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as posted by the channelIn this Majority Report clip, PAYGO? How about PAYSTOP?
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"We can quickly dispense with the economic merits of PAYGO: they're essentially non-existent. Federal deficit spending is a positive good, at least whenever the economy is below full employment, which it basically always is. Setting that aside, the federal government also controls the supply of the currency, meaning a debt crisis is literally impossible. Federal deficit spending at the wrong time might increase inflation, but that's about it."*
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