Deficit hawks latest news

Here are some recent news articles and updates on deficit hawks:

Recent News Articles:

  1. "Deficit Hawks Are Wrong About the Economy" by Paul Krugman, The New York Times (March 2023) - Krugman argues that deficit hawks are misreading the economy and that fiscal policy should be used to stimulate growth.
  2. "The Deficit Hawks Are Back, and They're Wrong" by Robert Reich, The Guardian (February 2023) - Reich argues that deficit hawks are ignoring the benefits of government spending and are wrong about the impact of deficits on the economy.
  3. "Deficit Hawks Are Misreading the Economy" by Mark Zandi, Bloomberg (January 2023) - Zandi, chief economist at Moody's Analytics, argues that deficit hawks are misreading the economy and that fiscal policy should be used to stimulate growth.

Recent Developments:

  1. The Congressional Budget Office (CBO) released its latest budget outlook, which projects that the federal budget deficit will increase to $1.2 trillion in 2023 due to the COVID-19 pandemic and the passage of the American Rescue Plan Act.
  2. The Federal Reserve has been buying government bonds to stimulate the economy, which has led some deficit hawks to argue that the Fed's actions are increasing the national debt.
  3. The Biden administration has proposed a budget that includes significant spending increases, which has been met with criticism from deficit hawks who argue that the plan will increase the national debt and lead to higher interest rates.

Key Players:

  1. Paul Ryan, former Speaker of the House and deficit hawk, has been critical of the Biden administration's budget proposals and has argued that the national debt is a major threat to the economy.
  2. Erskine Bowles, co-chair of the National Commission on Fiscal Responsibility and Reform, has argued that the national debt is a major threat to the economy and has proposed a range of fiscal reforms to reduce the deficit.
  3. Alan Simpson, former Senator and co-chair of the National Commission on Fiscal Responsibility and Reform, has argued that the national debt is a major threat to the economy and has proposed a range of fiscal reforms to reduce the deficit.

Recent Research:

  1. A study by the Economic Policy Institute (EPI) found that government spending can stimulate economic growth, and that the benefits of government spending outweigh the costs of increased debt.
  2. A study by the Center on Budget and Policy Priorities (CBPP) found that the national debt is not a major threat to the economy, and that the benefits of government spending outweigh the costs of increased debt.
  3. A study by the International Monetary Fund (IMF) found that fiscal policy can be an effective tool for stimulating economic growth, and that the benefits of fiscal policy outweigh the costs of increased debt.