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Deficit politics and currency debasement debate
In a readers Q and A, the columnist clarifies that a prior piece did not endorse deficits. It traces 47 years of federal budgets showing deficits in most years, notes rising spending, and argues politicians rarely curb pork and taxes. The piece warns continued deficits risk currency debasement and inflation.
MENTIONED IN THIS ARTICLE
Tax Foundation
Gabriel Hauge
Manufacturers Hanover Trust Company
White House
Congress
Tam