The election season typically sees facts and figures tossed around and twisted in all sorts of ways to suit candidates’ agendas. This campaign saw all of that in spades regarding the national debt and federal budget.
The official numbers for the fiscal year that recently concluded confirm what we’ve been saying for a while: the era of declining deficits is over.
In a campaign season that has been largely devoid of substantive policy discussion, one program got candidates for the White House and Congress to answer questions about fiscal issues and talk specifically about the national debt and the federal budget.
The presidential debates are now over and we are in the homestretch of this wild campaign. Unfortunately, the debates offered more drama than details. But there were some important takeaways for fiscal policy. Here are a few things we learned from watching all the debates.
This presidential campaign has sure seen a lot of spectacle and little substance. But one bright spot was that the final debate did include a segment on the national debt and a follow up question on Social Security and Medicare.