Two Conferences on Debt, One Proclaims Debt Good, the Other Declares Debt Bad
by Gary Therkildsen*, 9/17/2009
I should mention that the first conference – sponsored by the New America Foundation on Tuesday – discussed the merits of short-term deficit spending in the midst of a recession, while the second academic panel – held yesterday and sponsored by the Peterson-Pew Commission on Budget Reform – discussed the mountainous mid- to long-term debt anticipated with the looming entitlement crisis. The distinction is important, yet often lost in discussions of deficits and debt.
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