"Fascinating how self-styled ‘progressives’ so often look backward?"

By Jack Kelly

"Isn't is fascinating how self-styled "progressives" so often look backward?

But economic conditions now are different from what they were in the 1930s. Deficit spending didn't end -- and did little to ease -- the Great Depression. But deficit spending wasn't obviously insane then, because the federal government had little debt. With a national debt of more than $13 trillion, and federal budget deficits projected to reach 62 percent of GDP by year's end (and 80 percent by 2035), it's obviously insane now."

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