Nick Gillespie: Please Read This if You Think Deficits Don’t Matter. Or That Spending Doesn’t Drive Deficits.

6334obama and bush428 Nick Gillespie: Please Read This if You Think Deficits Dont Matter. Or That Spending Doesnt Drive Deficits.

New economic reseach suggests
that countries like the United States that carry high debt levels
for sustained periods massively reduce future economic growth for
decades to come. ;
Reason’s Nick Gillespie argues that our debt and deficits are
primarily the result of increased federal spending and that reining
in the 21-century spending patterns by Presidents Bush and Obama
should be the first order of business for the next Congress. Writes
Gillespie:

Surely it beats the alternative, which is slicing 25 percent off
economic growth over the next couple of decades.
It’s a standing joke that everything we do at every level is
“for the children.” Who among us wants to look at every fourth
child walking the streets and tell them, “Sorry kid, it just wasn’t
your century?”
View this article.

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Nick Gillespie: Please Read This if You Think Deficits Don’t Matter. Or That Spending Doesn’t Drive Deficits.

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