TITLE

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

AUTHOR(S)
Goodwin, Chuck
PUB. DATE
September 2018
SOURCE
Points of View: Deficit Spending;9/28/2018, p2
SOURCE TYPE
Book
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
53713402

 

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