A U.s. National Debt Crisis Is Coming

William Galston: “Despite intensifying polarization, the Republican and Democratic parties are alike in one important respect: Both now behave as though budget deficits don’t matter. Red and blue politicians alike seem to think we can increase spending, cut taxes indefinitely, and borrow whatever we need to close the gap while running up the national debt—all without paying a price.”

Topics:  galston   republican   democratic   national debt   alike   
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