Mises Daily
Author:
Bert McLachlan
Online Publish Date:
Congress is treating the deficit as a big joke, but surely most people aren’t so stupid as to think that “deficit reduction” is really that. Congress has outspent its own income in 45 of the last 50 years, thereby running up deficits by over $5 trillion. But $4 trillion of those deficits were in just the last 20 years. And then President Bush’s