America’s Fiscal Follies are Dangerously in the Red

Richard M. Ebeling

Trillions of Dollars in Government Spending and Growing Debt

“Democrats with vote-getting glee and Republicans more out of fear of seeming to be flint-hearted in an election year decided to open the floodgates of government spending with trillions of dollars of borrowed money. Many in the media and among the pundits discovered the supposedly “Modern Monetary Theory” (MMT), which soothingly assured that government neither had to tax to have money to spend nor worry about building up more debt from increased deficit spending.”

America’s Fiscal Follies are Dangerously in the Red