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Can we deficit spend our way to prosperity?
Adam and Eve had to leave the garden, and we deficit spenders will have to suffer the ills of inflation... even if there is none.
Similar(58)
"We have immigration, we have the deficit, we have the economy.
"We need deficit reduction," he said.
But we believe that how we resolve deficits also is a moral issue.
"We had a deficit, and we were creative in closing the gap," Ms. Spiering said.
The explanation from the Government is that we're in deficit because we're not paying as much tax – on average 22.2% less than in 2008.
So for every dollar we reduce the deficit this year, we sacrifice about two dollars and twenty cents in GDP.
So that's what we should be discussing: do we want deficits coming down this fast?
"We had unsustainable deficits, we had an uncertain future in terms of the worldwide economy.
"And similarly we cannot compete, and prevail, as a majority governing party if we have a significant deficit, as we do, with women, where we have a large deficit with Hispanics, where we have a large deficit with African-American voters, where we have a large deficit with people of modest incomes and modest financial circumstances," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com