In the News Massive coronavirus spending lighting the fuse on national debt bomb
“That the budget deficit for 2020 will be larger than the size of the entire U.S. economy should surprise no one, but that doesn’t mean we won’t be dealing with the consequences for many years to come,” R Street Institute Director of Fiscal Policy Jonathan Bydlak explained to me. “But by running up gobs of debt — now and especially over the last decade, when times were good — we are putting even bigger strain on generations to come while growing government in the short term.”
