Quote:
Originally posted by kappaloo
I can't speak for the average American (duh) but I always thought deficit=bad. I think most Americans probably would agree with the statement "deficit=bad".
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Very true observation - Rudey can suggest more specific texts, but the work of Keynes is a good place to start reading on this particular topic . . . I'd just google for Keynsian economics, and see if you can get a general overview to start with, and you'll be well on your way to understanding why the budget deficit is usually intentional, beneficial, and necessary (until it gets over the top).