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COMMENTS: Jake & John Maynard do not see Eye to Eye
Of an entire checklist of issues that ABC News and Washington Post ask about in their national opinion poll, Barack Obama's job performance is rated lowest on his handling of the federal deficit, Jake Tapper told us. With two months to go in this fiscal year, federal borrowing has already reached $1.27tr. Tapper is clearly no Keynesian. When he calculated that this amounts to $4,000 per capita in extra demand, he did not treat it as helpful immediate fiscal stimulus but as burdensome long-term debt.
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