surpluses and reduces debt held by the public (as in 1998 through 2000), Ricardian consumers would save less in anticipation of future tax cuts.
The debt help by the public is growing larger.
mnli hypothesis: The debt help by the public is growing larger. premise: surpluses and reduces debt held by the public (as in 1998 through 2000), Ricardian consumers would save less in anticipation of future tax cuts.