Ending D.C.'s Debt Obsession
Or how Jason Furman learned to stop worrying and love the deficit
Photographer: Andrew Harrer/Bloomberg
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Howard Schultz called it the "greatest threat domestically to the country." As the U.S. annual budget deficit creeps back towards one trillion dollars, the former Starbucks CEO, who is exploring a White House bid, has put a renewed focus on the national debt. But at least two major economists aren't so convinced. Larry Summers and Jason Furman took issue with the argument in a new piece for Foreign Affairs.