Deficits during the Great Depression, WWII, 2008-2009 financial crisis, and pandemic were responses to major economic emergencies and macroeconomic events, whereas current deficits persist despite strong economic conditions.
factualpending
Speaker
Philip SwagelEvidence Quote
“it's really in response to you know these emergencies these macro events whether a you know a conflict or the financial crisis or pandemic and yeah that's um that's what's so unusual is that we're past the pandemic and yet we still have this uh this deficit”
Created: 8/12/2026, 6:26:40 PM
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