Why We Must Stop Obsessing About the Budget Deficit

January 2013
Progressive Populist;1/1/2013, Vol. 19 Issue 1, p13
The author reflects on the need to address unemployment and lack of economic growth, instead of getting obsessed with the budget deficit (BD) in the U.S. He explains that the effort to reduce the BD will have a negative impact on the economy. He recalls the success in job creation by the Clinton administration in the 1990s, that helped the government increase its revenues and reduce the deficit ahead of the deadline set by the Congress.


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