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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showed last 75 words of 1139 total
…Arison, Lin. "National Debt Update" March 19, 1998: n.pag. On-line. Internet. 1 April 1998 Available WWW:http://www.gslink.com/~arison/debt.html "The Myth of the National Debt" Unavailable: n.pag. On-line. Internet. 1 April 1998 Available WWW:http://www.neosophist.com/natdfram.htm The New Grolier Multimedia Encyclopedia. 1st ed. CD-ROM Grolier: Grolier Inc., 1993 "Public Finance." The American People Encyclopedia. 1973 ed. "The People's Open Opposition Party" Unavailable: n.pag. On-line. Internet. 1 April 1998 Available WWW:http://www.pop.org