On the recordMay 18, 2015
Higher public debt leads to lower investment, slower transitional growth or recovery from a recession, and a lower long-term level of output. Debt is bad for growth.
Source
congress.govHigher public debt leads to lower investment, slower transitional growth or recovery from a recession, and a lower long-term level of output. Debt is bad for growth.
Sessions references an IMF report linking high debt to reduced economic growth.
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I really am amazed that a judge sitting on an island in the Pacific can issue an order that stops the president of the United States from what appears to be clearly his statutory and constitutional power.
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