Maya MacGuineas has been crying wolf for years, and likely decades. She’s always been wrong not because she’s evil, or because she isn’t bright, but because she focuses on nominally large debt numbers rather than the real crisis. More on the real crisis in a bit.
For now, it will be said that government spending is economically harmful. Government borrowing is even more harmful. But to focus on either is to be distracted, and in the process, to miss the real crisis.
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