Deficit Hysteria A Common Sense Look at America's Rush to Balance the Budget

Name: Deficit Hysteria A Common Sense Look at America's Rush to Balance the Budget
Price: 70.56 USD
Availability: InStock
ISBN: 9780275963088

ISBN-10: 027596308X

ISBN-13: 9780275963088

Edition: 1998

Authors: Arthur Benavie Professor Emeritus

List price: $75.00

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The political consensus in the United States today is that the nation avoid deficit spending. But as virtuous and unassailable as that goal sounds, it has fallacies and dangers. In a lucid, nontechnical writing style, Benavie shows that deficits can be either good or bad and explains how to tell the difference. Deficits, or government borrowing, can be beneficial or harmful depending on what the government does with the money. Preventing such borrowing, Benavie points out, would be comparable to preventing one's family from borrowing money to buy a house or to put a child through college. Deficits can be beneficial to the nation's economic health in three main ways. When the economy slumps,…

Book details

List price: $75.00
Copyright year: 1998
Publisher: ABC-CLIO, LLC
Publication date: 9/30/1998
Binding: Hardcover
Pages: 168
Size: 6.14" wide x 9.21" long x 0.44" tall
Weight: 0.902
Language: English



Introduction


The Deficit: A Symbol of Evil in American Politics Jobs, Inflation, and the Deficit


The Deficit and Our Future Standard of Living


The Rich, the Poor, and the Deficit


The Baby Boomers and the Future Deficit Social Security, Medicare, and the Deficit


How Do European Countries Do It? Goal '95: A Balanced Budget by 2002


Deficit Myths: What's True, What's False?


Questions and Answers


Index