The electorate is jumping at debt shadows

Big, impressive numbers are the hallmark of political campaigns and exist to delight, or terrify, potential voters. Time for some context.

Some pretty big numbers are being thrown around in the election campaign – one million new jobs in the next five years and two million over the next decade. Wow! One would think all of those new jobs would eliminate unemployment or boost workforce participation to record levels. At least that is the subliminal message there.

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