It’s maybe worth pointing out that the analysis covers 10 years and appears to account for $0 in GDP growth (and corresponding tax base growth) dependent on those policies. If I’m reading this correctly (big if to be fair): Assuming the government continues to capture 17.5% of US GDP, Harris’ policies would need to generate roughly 4% GDP growth per year (no small feat, granted) to be net zero relative to absolute debt levels and less than that to be net zero relative to debt as a percentage of GDP. Government expenditure is not like consumer spending because almost every dollar it spends looks less like consumption and more like an investment, and leveraging investments is actually a valid strategy, especially when you have the economic momentum/inertia of a nation state to balance the risks involved with debt, and that is before you even get into fiscal monetary policy
This is a real shame. I love having Wordle and Connections as part of my wakeup routine before I get into work-brain mode. If only management weren’t so greedy and just negotiated with their workers for a fair contract, I wouldn’t have to deprive myself of these things. I hope the strike gets the workers everything they deserve for the good work they do