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Deficit pp 77-88 | Cite as

Deficits Do Matter

  • Marie Bussing-Burks

Abstract

This chapter defends the viewpoint of those who say that deficits are a huge concern and do matter. Up to this point, you have learned that continual annual deficits have led to a massive national debt. As you’ll see, there are many traditional, long-standing arguments against deficit financing, along with some newer arguments, such as those related to the dangers of an increasing reliance on foreign creditors and the risk of potential downgrades of the U.S. debt. Many economists, politicians, and citizens say the debt matters more now than it used to. Let’s explore why.

Keywords

Interest Rate Federal Reserve Debt Crisis High Interest Rate Interest Payment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Marie Bussing-Burks 2012

Authors and Affiliations

  • Marie Bussing-Burks

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