Americans, particularly young Americans, are starting to question the assumptions that underlie some policymakers’ categorical opposition to federal government borrowing. For those hawks who make politically motivated forecasts of doom for the US’s fiscal health, it may be their own credibility that ends up paying a price.
Because the threat of doom and gloom is all a bunch of baloney. There is plenty of space for the government to be spending more without having to increase taxes.
Source: Fiscal hawks’ tales of doom do not fly with the young