Do Deficits Matter?
Reagan proved deficits don’t matter. – Vice President Dick Cheney, 2004 Q1 2021 hedge fund letters, conferences and more Are Federal Budget Deficits Good Or Bad For The Economy?For almost the entire twentieth century, nearly all Republican politicians believed -- or at least claimed to believe -- that federal budget deficits were bad for our economy. But in the 1980s, in the wake of the worst economic downturn since the Great Depression, President Ronald Reagan and a compliant Congress sharply cut taxes and increased government spending. The strategy worked quite well, fairly quickly restoring...