Yellen’s Trillions In National Debt A Policy ‘Turnabout’?
The WSJ article, “The Debt Q Facing Janet Yellen: How Much [National Debt] Is Too Much?” noted how the Treasury nominee “supports Biden plans to add trillions to U.S. borrowing, a turnabout in economic thinking.”
But, is Ms. Yellen’s early signal calling really a “turnabout” in the DC Swamp’s thinking? Isn’t this federal government's spending like a madman to get out of financial trouble what Treasury, President Obama, VP Biden & Congress did in the wake of the 2007 crisis? Hell, isn’t that what Republicans as well as Democrats ruling in DC have done for decades now, at least, whenever they’ve had an excuse to spend (btw, taxpayers’ money)?
Also forgotten (or swept under the carpet) is rumors during the presidential primaries that if he became president, Sen Bernie Sanders would “simply print paper money” to fund his Quixote-like $100 Trillion Green New Deal, Medicare for All & Free College ideas? Now, he's heading what Congressional committee? So, again, where’s the “turnabout”?
Davd Soul
Comments