Are Massive Federal Deficits The New Normal?
The U.S. economy is still showing a lot of positive signs — with growth continuing to excel and unemployment remaining low. But huge tax cuts and significant spending have contributed to a federal deficit approaching $1 trillion.
Is there a concerted effort to reverse that debt and deficit momentum? Or have we reached a new normal, at least for the near future?
Marc Goldwein is senior vice president and senior policy director for the Committee for a Responsible Budget. He joined The Show to talk about the current state of affairs and what could be next.