John Tamny RealClearMarkets
Since the U.S. ran its first budget deficit, there have been arguments over the economic implications. The more austere among us have suggested we’re living on borrowed money that will eventually cripple us as a nation, while the more optimistic have noted that, so long as foreigners are willing to fund our profligacy at low rates, there’s nothing wrong with borrowing.
In defense of the optimists, over the last 50 years, investors have hardly blinked with regard to nominally high spending by our minders in Washington. Indeed, as much as the federal deficits in the ’70s and ’80s spooked some, relative to the size of our economy, they were minuscule.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
