TITLE

When Is the Debt a Burden?

AUTHOR(S)
Jordan, Jerry L.
PUB. DATE
August 2004
SOURCE
Fraser Forum;Aug2004, p21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The amount spent annually by the government reflects a real burden, but whether to finance such spending by borrowing versus taxing is not the critical issue. Since the amount any government spends represents whatever burden is created, one sure way to lessen the burden would be to spend less. Measuring the burden of debt for a household, a business, or a government involves the same principles. The real burden of the present national debt on future generations will surely be greater if the burden of excessive taxation on current generations suppresses real growth.
ACCESSION #
14264969

 

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