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steve2470

(37,468 posts) Tue Jun 30, 2015, 10:11 AM Jun 2015

question about deficit spending [View all]

Any time I read or listen to RW'ers, inevitably at some point they rail against deficit spending, along with the household budget comparison (which is totally off, of course). My understanding is that deficit spending is not an issue, unless it reaches very high proportions of GDP. I know it was very high during WW2 but I'm guessing no one dared to make it an issue back then ?

Am I correct here ? I'm not an economist, hence the sincere question. Thanks in advance!

Steve

9 replies

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Highlight:

question about deficit spending [View all] steve2470 Jun 2015 OP

In grossly oversimplified terms geek tragedy Jun 2015 #1

yes that was my understanding, thank you! nt steve2470 Jun 2015 #2

One reason why Bush tax policies were a disaster! on point Jun 2015 #4

short term high defecit spending is not a problem Travis_0004 Jun 2015 #3

Right now our debt (not deficit) is around $ 18 trillion Yupster Jun 2015 #5

Well, Keynes says.... Adrahil Jun 2015 #6

Deficit spending isn't an issue until borrowers suspect you aren't going to pay it back... PoliticAverse Jun 2015 #7

Households can go bankrupt through a few years of bad decisions. Orsino Jun 2015 #8

Deficit spending is just a failure to properly tax the rich Taitertots Jun 2015 #9

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