Dick Cheney said deficits don’t matter. Tell that to your 7% mortgage

“Deficits don’t matter.” So said then-Vice President Dick Cheney during a high-level budget meeting in late 2002, after Republicans performed surprisingly well during that fall’s midterm elections. Voters, shocked by the Sept. 11, 2001, terrorist attacks, helped the Republican Party gain seats in both houses of Congress and win back the Senate. According to conventional […]

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