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President Biden has decisively answered one of the most critical early questions of his administration, making plain that increased public investment in response to the pandemic-induced economic crisis will be his priority rather than curbing the growth of the national debt.
Despite her reputation as a debt hawk, Maya MacGuineas was an early advocate for pandemic relief spending, and has launched FixUS to address a broken political system that has failed to exercise fiscal responsibility.
In 1992, billionaire entrepreneur Ross Perot put the national debt on the political radar during his third-party campaign for President. At the time, the debt had doubled in a decade to 47% of GDP. Perot believed this to be unsustainable.