David Kelly on the death of budget deficit hawks

The species has died. The 2017 Tax Act proved that you couldn't call the Republicans exactly deficit hawks. And I certainly don't think you could characterize [House Speaker] Nancy Pelosi as a deficit hawk.

~ David Kelly, chief global strategist, J.P. Morgan Asset Management, October 23, 2020

(As quoted in Streetwise section of Barron's on October 24, 2020)