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Wednesday, November 1, 2017

You Can’t Vote Math Out of Office

Politicians are under pressure from their constituents to deliver more and take less, but this is unsustainable.

This year, Deficit Day – that is, the day the federal government runs out of money for the year and starts spending money it doesn’t have – fell on October 24. This is about average for the last 30 or so years. And yet, somehow, this year’s deficit spending is on track to be the largest it’s ever been. How does that work? And what’s the difference between mandatory and discretionary spending? Is the rate of expansion of government spending sustainable? James Harrigan and Antony Davies discuss this and more on this week’s episode of Words and Numbers.

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  • Dr. Antony Davies is an Associate professor of Economics at Duquesne University, and co-host of the podcast, Words & Numbers.

  • James R. Harrigan is a Senior Editor at the American Institute for Economic Research. He is also co-host of the Words & Numbers podcast.