The Myth of Deficit Spending
We're not shifting costs to our children, but deficit spending does have negative impacts on future freedom.
We're not shifting costs to our children, but deficit spending does have negative impacts on future freedom.
Almost since the day President Bush first proposed tax cuts, politicians and political pundits on the left began arguing that the cuts would not work to stimulate the economy because of the budget deficits that they would create. Now, with both tax cuts and budget deficits, there are clear signs…
RALEIGH -- Government deficits, often given profuse media attention, are actually less important to the overall economy than spending and taxing patterns, an economics professor said Monday at a John Locke Foundation luncheon. John J. Seater, N.C. State professor of macroeconomics and monetary economics, explained that the type and amount…