Well, I think what we need to remember is that budget deficits can impede economic activity. Peter Orszag activitybudgetdeficit Change image and share on social
My mom is a very warm, typical sort of Jewish-mother type. And my dad has a somewhat, um, different personality. Peter Orszag dadjewishmom Change image and share on social
Defense spending as a share of the economy dropped significantly during the early 1990s, and that was one of the things, along with other policy changes, that put us back on the path to a balanced budget. Peter Orszag 1990sbackbalance share on social