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An official in Bahrain told me that they need a price of $104 to balance their budget and even Saudi Arabia has less than six years of monetary reserves left at its current pace of deficit spending.
A Treasury Department report on Tuesday showed that the government ran up $1 trillion in deficit spending during the first nine months of the fiscal year, down 8 percent from the same period a year ago, but still on pace to finish the year at around $1.3 trillion, the second-highest on record.
Only deficit spending is expansionary.
No more deficit spending.
2. Deficit spending is always expansionary.
Environmental injury is deficit spending.
"The problem is deficit spending".
I do hope the deficit spending works.
This spending pace, too, will be hard to keep up.
After decades of absence, deficit spending was used to counteract the heavy decline in demand.
Deficit spending, in effect, shifted to the private sector.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com