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Beginning of Paper
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Deficit Spending
Spending financed not by current tax receipts, but by borrowing or
drawing upon past tax reserves. , Is it a good idea? Why does the U.S. run a
deficit? Since 1980 the deficit has grown enormously. Some say its a bad thing,
and predict impending doom, others say it is a safe and stable necessity to
maintain a healthy economy.
When the U.S. government came into existence and for about a 150 years
thereaf ....
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Middle of Paper
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.... in size after
1980. It grew from $709 billion to $3.6 trillion in 1990, only one decade later.
Increase of National Debt Since 1980
Month Amount
--------------------------------------------
12/31/1980 $930,210,000,000.00 *
12/31/1981 $1,028,729,000,000.00 *
12/31/1982 $1,197,073,000,000.00 *
12/31/1983 $1,410,702,000,000.00 *
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