The National Debt Good or Bad? 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 very big. Some say its a bad thing, and predict possible doom, others say it is a safe and stable necessity to maintain a healthy economy. In the beginning the Government only generated deficits during …showed first 75 words of 1139 total…

…showed last 75 words of 1139 total…Arison, Lin. "National Debt Update" March 19, 1998: n.pag. On-line. Internet. 1 April 1998 Available WWW:http://www.gslink.com/~arison/debt.html "The Myth of the National Debt" Unavailable: n.pag. On-line. Internet. 1 April 1998 Available WWW:http://www.neosophist.com/natdfram.htm The New Grolier Multimedia Encyclopedia. 1st ed. CD-ROM Grolier: Grolier Inc., 1993 "Public Finance." The American People Encyclopedia. 1973 ed. "The People's Open Opposition Party" Unavailable: n.pag. On-line. Internet. 1 April 1998 Available WWW:http://www.pop.org