Americans should always think seriously about politicians who tell them government “experts” know all about spending and deficit control.
Any politician or bureaucrat with a short-term horizon is never reliable on this score. Especially a politician unfriendly to, or unfamiliar with the true understanding of capitalism.
Our huge deficit will eventually spell enormous inflation. Or a loss of currency value. And the certain loss of the eminence of America, as an economic and a political and military entity. (See the Earl J. WeinrNewsHole® comments and @BusinessNewshole at Twitter.)
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