Point: Deficit Spending Weakens the Economy & Poses a Risk for the Future

Goodwin, Chuck
September 2018
Points of View: Deficit Spending;9/28/2018, p2
The article presents an argument against deficit spending. The author argues that the practice of deficit spending weakens societies by leaving behind debt. A history of deficit spending is presented and tied to industrial society and the result of government spending on the economic status of the U.S. during the early 21st century is explored. The article notes the amount of debt accrued by the U.S. government, the nations that hold U.S. government debt, and the effect on U.S. currency.


Related Articles

  • Deficit Spending: Overview. Auerbach, Michael P. // Points of View: Deficit Spending;9/28/2018, p1 

    General information regarding deficit spending is presented. The term defines situations in which expenditures exceed an organization's income and particular focus is given to the practice of deficit spending by the U.S. government. The use of deficit spending during economic and financial...

  • Counterpoint: Government Spending Should Be Reduced During Times of Deficit. DiLascio, Tracey M. // Points of View: Deficit Spending;9/28/2018, p3 

    The article presents an argument against deficit spending. It is the author's opinion that the U.S. government should reduce government spending and raise taxes rather than engage in deficit spending which increases the national debt. Ways of finding money to finance public service programs are...

  • NO TIME FOR GIMMICKS. Attarian, John // National Review;5/10/1993, Vol. 45 Issue 9, p27 

    The article challenges the administration of U.S. President Bill Clinton to address the problem of entitlement spending which seems to be the root of the country's deficit problem. It is however evident that instead of facing the crisis, Clinton is avoiding it. His administration is instead...

  • The outlook for a deficit driven dollar. Bauch, Caria Cavaletti // Futures: News, Analysis & Strategies for Futures, Options & Deri;Apr2005, Vol. 34 Issue 5, p26 

    The article focuses on the weakening of the U.S. dollar against other major currencies. Most economists, and many traders, expect the dollar to weaken to $ 1.40 per euro by the end of this year. As a result, 2005 could be the fourth straight year that the greenback has dropped against the euro...

  • Twins no more. Thredgold, Jeff // Enterprise/Salt Lake City;7/20/2009, Vol. 39 Issue 4, p9 

    The article discusses the "twin deficits," which pertain to budget deficit and global trade deficit. According to the author, future U.S. budget deficits that would amount to more than 1 trillion U.S. dollars would damage the nation. It is suggested that the U.S. government does not hold the...

  • A Challenge and an Opportunity. MacGuineas, Maya // Reason;Jan2013, Vol. 44 Issue 8, p32 

    In this article the author reflects upon the need for the U.S. government to develop a long-term growth plan for the country's economic recovery. The author states that abrupt spending cuts and tax hikes will push the economy back into recession and mentions about a plan that would reduce the...

  • Debt, Deficit and Spending -- A Financial Outlook. Ashby, Barry // Industrial Heating;Jun2011, Vol. 78 Issue 6, p16 

    In this article the author discusses the economic conditions of the U.S. and comments on the issues of national debt, budget deficits and government spendings. The author states that the main power to control taxes has always been in the hands of the U.S. Congress and not presidents and Congress...

  • U. S. deficit reduction: implications for monetary policy.  // Money Affairs;Jul-Dec1991, Vol. 4 Issue 2, p31 

    This article presents a paper that reviews U.S. budget developments in the 1980s to determine the consequences of them over a medium term to reduce the budget deficit. Model simulations look at the implications for domestic credit markets, economic growth and inflation. The author chose two...

  • U.S. Government Ran $36.9 Billion Deficit in March. Jagoda, Naomi // Bond Buyer;4/11/2014, Vol. 123 Issue F315, p1 

    The article reports that the U.S. Treasury Department has announced that the federal government has experiences 36.9 billion dollars deficit in March 2014. Topics discussed include 193.5 billion dollars deficit in February 2014, the impact of timing-related transactions on financial year-to-date...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics