How Washington Learned to Love Debt and Deficits

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How Washington Learned to Love Debt and Deficits
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Old Washington: Tame the deficit! New Washington: Why worry?

William Hoagland has engaged in nearly every Washington budget-deficit battle for four decades. A longtime analyst and onetime senior Republican congressional budget aide, he brought a sensibility learned growing up on an Indiana farm: You’ve got to balance the books over time.

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