Political Quotes

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.
Said by
Mick Mulvaney
Republican · South Carolina

Editor's note · Context

Mulvaney discusses the negative impact of rising debt on future generations.

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