The Federal Fiscal Horse Runs Uphill, but Not Downhill »
By Robert Higgs | Saturday March 2, 2013 at 5:22 PM PDT | 4 Comments
Funny, isn’t it? When federal spending was accelerating like a race horse bolting out of a burning barn in FY 2008 and FY 2009, Congress did not encounter any insuperable problems in appropriating the huge amounts of additional funds (and running up the public debt rapidly to pay for its sudden extravagance), but now...
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