Kobach challenged me on #deficits & the economy in last night& #39;s Linn County candidate forum. Here are the receipts: Clinton ran a budget surplus, private debt increased,and a recession from March to Nov. Of 2001. #kssen

This sectoral balance sheet demonstrates that public deficits are private sector surpluses. My statement was: federal surpluses have been met with a rise in private debt & are followed by a #recession. He argued the Clinton era surpluses didn& #39;t do this. Graph above shows it did.

All money is debt https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤯" title="Explodierender Kopf" aria-label="Emoji: Explodierender Kopf">
This discussion is improtant as we talk about an economic recovery and what it means to run a deficit for recovery vs impose austerity to & #39;avoid deficits& #39;.

It is sort of ironic that I am the only candidate of 11 not running on a platform of "I& #39;m the most Trumpian candidate" The others laud the Trump economy, but I am the only one that gets the Trump economy was driven by deficits.

I would have done spending or tax breaks differently- not directed at upper income for stock buybacks. But, unless we are at capacity, more money in/less money out of the economy will be expansionary.

Video is here, my comments, his response & my rebuttal start at 1:14:30 https://www.facebook.com/linncountynews/videos/276100493682435/">https://www.facebook.com/linncount...