An alternative to popular faith
Here is one of the many reasons federal deficit spending is absolutely necessary — even more so, now — and why trying to reduce the deficit is dangerous and imprudent.
Source: Joe Weisenthal and Kamelia Angelova, Clusterstock – Business Insider, September 9, 2009
Economic growth requires spending by consumers, businesses, local governments and the federal government. When consumers aren’t spending, businesses also spend less. The federal government must spend even more to take up the slack.
Rodger Malcolm Mitchell