On the recordJanuary 23, 2017
The crowding out is real. The numbers I have seen in the academic research would indicate that, give or take, when debt approaches 85 percent of GDP, you start to see real effects of crowding out.
Source
congress.govMick Mulvaney: “The crowding out is real. The numbers I have seen in the academic research would indicate that, give or take, when debt…”
Editor's note · Context
Mulvaney discusses the negative impact of rising debt on future generations.
Share
More from Mick Mulvaney
Nov 14, 2022
What struck me, Anderson, was that he stayed on script almost the entire time.
Jul 31, 2026
So that will be fascinating to see how it shakes out at the Supreme Court.
Jan 2, 2023
If Kevin McCarthy is not the Speaker, yes, Kevin McCarthy loses. There is no question.
Feb 28, 2025
I think the fair question to ask is, would Barack Obama have won for helping bring an end to the war between Russia and Ukraine?
Other voices in this conversation
