World War II

Subject: the deficit good or bad
Deficit Spending
"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 enormously. Some say its
a bad thing, and predict impending doom, others say it is a safe and
stable necessity to maintain a healthy economy.
When the U.S. government came into existence and for about a 150 years
thereafter the government managed to keep a balanced budget. The only
times a budget deficit existed during these first 150 years were in
tim…