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America's $1.8 Trillion Deficit Explained: Why 5.8% of GDP Is the Real Story
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The headline number is eye-catching, but the real story is context. The U.S. is running a nearly 6% of GDP deficit — not during a war, not during a recession, not during a pandemic. Just… normal times. That's the part worth paying attention to.
About Justin Wolfers
Justin James Michael Wolfers (born December 11, 1972) is an Australian-American economist and public policy scholar. He is professor of economics and public policy at the Gerald R. Ford School of Public Policy at the University of Michigan, and a senior fellow at the Peterson Institute for International Economics.
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