DEFICIT WHY SHOULD I CARE? Second Edition by Marie Bussing-Burks

Author:Marie Bussing-Burks
Language: eng
Format: epub
ISBN: 9781430248392
Publisher: Apress

The next chapter examines the long-held argument that deficits do not matter. That side of the debate argues that deficits are of no concern to the health of the U.S. economy. Among their arguments include the following:

A popular way to measure the deficit level, the deficit-to-GDP ratio, is predicted to decline in the future.

Treasury securities can be issued continually to finance the government’s needs, so paying down the debt is not imperative.

Many countries are in a deficit spending mode to ride out the global downturn. The United States is not unique in its deficit situation.

Some countries—such as Switzerland, Sweden, and Canada—not only have utilized deficit spending but are currently showing fiscal strength in a less-than-stellar economy.

Treasury securities used to finance the debt are a major investment vehicle in the United States, supply a benchmark indicator for use by bankers, and are an essential component in employing monetary policy.

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