Ron Johnson

‘Rules of Thumb’ About Deficits and Debt Are Bogus from Both Sides

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New York Times reporters Ben Casselman and Colby Smith wrote on A1 yesterday that “There is a basic rule of thumb when it comes to the federal budget. The government should spend heavily during times of crisis – recessions, wars, pandemics – and then get its fiscal house in order when the crisis passes.” […]

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The Myth About ‘Balanced’ Family and Business Budgets

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Debt is a sign of progress. It’s a market signal about growing future earnings for families and businesses. Despite this, politicians continue to argue the opposite. Looking for ways to demagogue the national debt, they lament the inability of our federal government to do as families and businesses routinely do whereby they “balance their

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