Vital Signs. Do deficits matter any more?
- Written by Richard Holden, Professor of Economics, UNSW
It seems that whoever wins the White House in 2020, the US federal deficit will blow up.
President Donald Trump has already signed into law massive tax cuts that are estimated to expand the deficit by at least US$1.5 trillion over the next decade.
The list of Democrats seeking their party’s presidential nomination has moved into double...