Is the national debt good or bad?
The National Debt
Good or Bad?
Spending financed not by current tax receipts, but by borrowing or drawing upon past tax reserves. Is it a good idea? Why does the U.S. run a deficit? Since 1980 the deficit has grown very big. Some say its a bad thing, and predict possible doom, others say it is a safe and stable necessity to maintain a healthy economy.
In the beginning the Government only generated deficits during …
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Unavailable: n.pag. On-line. Internet. 1 April 1998
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