…Michael Kinsley’s warning that inflation remains a clear (if not present) danger? Kinsley’s point is pretty straightforward. For good Keynesian reasons, Washington is currently running humungous budget deficits. But once the recession is over, there will be no political will to contain federal spending (especially on Medicare …
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Bruce Bartlett lists all the reasons that Reps. Jeb Hensarling’s and Mike Pence’s call for a constitutional amendment to limit federal spending to one-fifth of GDP is, at best grandstanding, and more likely, just plain dopey. Bruce, bless him, always makes us nostalgic for the era in which … By Peter Passell | Tags: Bruce Bartlett, constitutional amendment, federal debt, Jeb Hensarling, Mike Pence | Category: Mandates, Quick Takes |
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