Running large deficits in the middle of an economic expansion is unjustifiable; it creates intergenerational tension as younger people worry they'll be left servicing massive debt, and it represents a failure of leadership to maintain fiscal discipline during growth periods when it's easiest to do so.

normativepending

Speaker

Rich Shama

Evidence Quote

this whole idea of running deficits this large in the middle of an economic expansion you know like what's the justification for doing it... leads to geter intergenerational tension they think that they're going to be left with all this debt uh to try and service

Source

The real impact of growing budget deficits - Ruchir SharmaNorges Bank Investment Management
Created: 8/11/2026, 6:31:01 AM

My Notes

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