Huge deficits turn to surplus. What would the government do with the money . Almost every year the federal government spends more money than it takes in. Year after year, the tide of red ink rolls on. Federal deficits can we live with them . Well investigate that question with the help of economic analyst richard gill on this edition of economics u a. Im david schoumacher. Most of us have been taught that to spend more money than we earn is to Court Financial disaster but the federal government seems to play by a different set of rules. Almost every year the country runs a deficit. Yet were told that deficit is necessary, even beneficial. But deficits piled one on top of another create a growing National Debt. And the Interest Payments on that debt add more dollars to the next years deficit. During a fiveyearpan back in the 1940s, our National Debt more than quadrupled as we fought world war ii. How did we pay for that war . And why didnt it bankrupt us . Early in the morning of septem
Ars end the price tag will pass 200 billion. How will we pay for world war ii . 1960. As president eisenhower talks of paying off the National Debt the economy stumbles into a recession. How can a Budget Surplus hurt the economy . 1999. Huge deficits turn to surplus. What would the government do with the money . Almost every year the federal government spends more money than it takes in. Year after year, the tide of red ink rolls on. Federal deficits can we live with them . Well investigate that question with the help of economic analyst richard gill on this edition of economics u a. Im david schoumacher. Most of us have been taught that to spend more money than we earn is to Court Financial disaster but the federal government seems to play by a different set of rules. Almost every year the country runs a deficit. Yet were told that deficit is necessary, even beneficial. But deficits piled one on top of another create a growing National Debt. And the Interest Payments on that debt add
What would the government do with the money . Almost every year the federal government spends more money than it takes in. Year after year, the tide of red ink rolls on. Federal deficits can we live with them . Well investigate that question with the help of economic analyst richard gill on this edition of economics u a. Im david schoumacher. Most of us have been taught that to spend more money than we earn is to Court Financial disaster but the federal government seems to play by a different set of rules. Almost every year the country runs a deficit. Yet were told that deficit is necessary, even beneficial. But deficits piled one on top of another create a growing National Debt. And the Interest Payments on that debt add more dollars to the next years deficit. During a fiveyear span back in the 1940s, our National Debt more than quadrupled as we fought world war ii. How did we pay for that war . And why didnt it bankrupt us . Early in the morning of september 1, 1939, german armies ma
Federal deficits can we live with them . Well investigate that question with the help of economic analyst richard gill on this edition of economics u a. Im david schoumacher. Most of us have been taught that to spend more money than we earn is to Court Financial disaster, but the federal government seems to play by a different set of rules. Almost every year the country runs a deficit. Yet were told that deficit is necessary, even beneficial. But deficits piled one on top of another create a growing National Debt. And the Interest Payments on that debt add more dollars to the next years deficit. During a fiveyear span back in the 1940s, our National Debt more than quadrupled as we fought world war ii. How did we pay for that war . And why didnt it bankrupt us . Early in the morning of september 1, 1939, german armies marched into poland, and the world exploded into war. By 1940, the germans controlled europe d were poised to attack britai a frightened American Congress appropriated 37