The Bipartisan Agreement on the Welfare State

The Biden administration in showing a complete unwillingness to do anything about the debt is wiser than the Republicans. The modern bipartisan agreement is well outlined in this piece by Krista Muth, who has been working on this sort of thing since Nixon years. Until the 1970s, the US government would borrow and pay it down; after that everything changed. Chris Anderson: We should understand this as post-great society America. It's not going to be faced with social unrest that will grow out of fiscal disaster," he says.