4min chapter

Let’s Find Common Ground cover image

Jared Bernstein & Maya MacGuineas. Saving Lives and the Economy

Let’s Find Common Ground

CHAPTER

Maya, Are Both Parties to Blame?

The past expansion, which was a record long expansion, since the president's been in office, he's signed into law $4.7 trillion in new borrowing during a very strong economic expansion. The problem is not that we're doing too much now, it's that we did quote, too much earlier. So I'm worried that we'll see on the other side of this as well, so that we might borrow too little now because we're concerned about the debt,. but that we won't do anything about the debt when the economy is strong again.

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