Ted Cruz and Other Candidates Redefine Fiscal Responsibility

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The Daily Caller

Ted Cruz and Other Candidates Redefine Fiscal Responsibility

Antony Davies | Jul 17, 2012

This excerpt originally appeared in The Daily Caller on July 17, 2012.

Seriously addressing our current problem requires clear thinking on the precise cause of debt. Debt itself is not so much the problem as the behavior that creates it. Duquesne University economics professor Antony Davies argues this point succinctly, saying, “People say that the government has a debt problem. But debt is an effect. The cause is deficits.”
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