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Is this a good deficit or not?
I've read that the bailout and stimulus funds were necessary to stave off a depression and were based on lessons from our "great depression" and Japan's "lost decade". If so, the expense of avoiding catastrophe could be worth it, if not we have jeopardized our economy. Please use data to back up your answer, I am not convinced either way.
1 Answer
- 1 decade agoFavorite Answer
No deficit is a good deficit, if you want evidence look at Japans lost decade just like you mentioned, they spent and spent and spent to try and get out of their great deficit but it only got worse, Only after they abandoned backward liberal economics did they start to recover, look at their spending in comparison to the deficit and recovery. By spending you must take taxes from those who create jobs, by doing so you only stagnate the economy, not stimulate. How can eliminating jobs and spending that money through government possibly improve the economy?? The American people are not robots, when you give them money they wont simply run out to buy tvs and cars, not the fiscaly responsible, which means stimulus bills will only take from those who create jobs and be transfered into someone elses bank account... its really a snow ball effect into depression, the starting point is always taxes.
