Quote:
Originally posted by Lebell
Deficit spending is perfectly acceptable if it is controlled properly.
What is important to remember is that the government a) prints the money and b) owes money back to itself.
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I agree, when it is controlled properly it can be a helpful part of sustaining growth.
To The_Dude:
About 40% of the debt is money the government "owes to itself". That leaves about 4 trillion dollars in public debt (the kind you're thinking of) to 2.5 trillion the government owes to the Federal Reserve and other central banks.
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