
The Ethos of Economics with John Cogan and Kevin Warsh | Peter Robinson | Hoover Institution
Uncommon Knowledge
The Budget's Been Out of Control for Six Decades?
The budget's been out of control for six decades. It's over. The definition of a surplus is when the money comes in so fast that even Congress can't spend it. Between 2019 and 2022, federal revenues increased by 40%. And this year, the Biden administration will report that the deficit for 2022 was a trillion dollars. But what's the point? Honestly and truly, is there any real prospect of restoring some semblance of sanity, reasonableness?
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