Deficits Do Matter

Marie Bussing-Burks

Chapter Chapter 6 in Deficit, 2011, pp 71-84 from Springer

Abstract: Abstract This chapter defends the viewpoint of those who say deficits are a huge concern and do matter. Up to this point, you have learned that continual annual deficits have led to a massive national debt. As you’ll see, there are many traditional, long-standing arguments against deficit financing, along with some newer arguments, such as those related to the dangers of an increaseing reliance on foreign creditors and the risk of potential downgrades of the U.S. debt. Many economists, politicians, and citizens say the debt matters more now than it used to. Let’s explore why.

Keywords: Interest Rate; Federal Reserve; Government Bond; Debt Crisis; High Interest Rate (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4302-3660-3_6

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DOI: 10.1007/978-1-4302-3660-3_6

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