Is the national debt good or bad?
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 the War of 1812, the recession of 1837, the Civil War, the depression of the 1890s, and World War I. But, as soon as the war ended the deficit would be eliminated and the econom…
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- Is the national debt good or bad?
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