In the latest episode of the AEI Banter podcast, AEI’s own Daniel Hanson sits down to answer whether or not trillion dollar deficits are sustainable for the US. While the GDP to deficit ratio may be high, there are other factors that enable the US to bear its current deficit. Daniel discusses what those factors are, what’s currently driving the deficit, and what the costs of decreasing the deficit would be. Daniel also compares America’s situation to that of several European nations, suggesting that things could be worse. What a silver lining!
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