November 30 2020 | Modern Money Theory: Week 4 | Back Next |
As expressed by Congressional Democratic "Blue Dog" caucus in 2019
"Today, the national debt is over $22 trillion, an unprecedented level; and never in modern history has the U.S. annual budget deficit been so high outside of war or economic recession. February this year was marked to be largest monthly budget deficit on record -- higher than at any point during the 2008 global financial crisis, when the economy was in peril and the Tea Party took to the streets."
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