Project Syndicate
June 16, 2023
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See citation below for complete author information.
James W. Harpel Professor of Capital Formation and Growth
Abstract
The United States’ debt-to-GDP ratio, which improved during the inflationary spike of 2021-22, is expected to increase as inflation cools and the US population rapidly ages. While ultra-conservative Republicans advocate cutting non-defense discretionary spending to restore debt sustainability, the numbers do not add up.
Citation
Frankel, Jeffrey. "America’s Mythical Fiscal Conservatives." Project Syndicate, June 16, 2023.