On the recordFebruary 12, 2013
You cannot have spending increase at 6 percent a year while the economy is growing at 2 and 3 percent a year.
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congress.govEditor's note · Context
Cochrane argues that unsustainable spending growth is a critical issue.
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More from John H. Cochrane
Sep 13, 2016
Winston Churchill once said, Americans can be trusted to do the right thing after we have tried everything else.
Sep 13, 2016
If it leads to a debt crisis where suddenly interest rates spike, the U.S. needs to borrow, and bond markets say 'no,' it looks a lot like Greece.
Feb 12, 2013
We are not now going to raise taxes in order to increase spending above the baseline.
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