AlBell
Philosopher
- Joined
- Mar 28, 2009
- Messages
- 6,360
Now if we could just find a case where deficit spending actually worked as people like you believe it does. Unfortunately the end is more often hyperinflation rather than economic growth and increased tax receipts that reduce the deficit.Your political perspectives perceive it as a problem (for the time being), economics doesn't consider deficit spending in a recession to be a problem, in fact, economics recommends deficit spending as one of the primary solutions to recession. This is funded by the sale of bonds which are you seem to feel is a good financial tool, and is based on the confidence that the US economy will recover and prosper and future tax receipts will likewise swell and cover these bonds when they mature.
It is to me, and I suspect will be moreso to our kids & grandkids, much moreso to them than AGW hysteria.Regardless, at the current cumulative level, no, the annual budget deficit is not a major issue or problem, this isn't saying that annual budget deficits should continue indefinitely, nor that there are not points where such could become an issue of concern and potential problem. It is simply inaccurate, however, to insist that it is, today, a great and worrisome problem.