Let's also be clear that concerns about the economic effects of deficits in a depressed economy persist, to the extent they do, in the teeth of all evidence 2/
Right now CBO is projecting deficits for 2020 close to WWII levels as a share of GDP — and long-term interest rates are close to a record low. The best way to think about all of this is that it's about finding excuses not to help Those People and to punish blue states 3/
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