What’s Different About Today’s Government Deficit and Debt?
As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
In 2014, members of the congregation of the Bay Ridge United Methodist Church took out a half-page ad in the New York Times, posing a question and a challenge—how can we explain changes in economic well-being in the United States, especially the broad differences between the post-World War II era, f