The critique of the Obama's deficit spending
, unlike for example Roosevelt's in the 1930s, is that it is not sufficiently stimulating the economy.
John Maynard Keynes, dead since 1946, was an economics don at Cambridge University who during the Great Depression advocated deficit spending
by national governments to counteract unemployment.
Guess what would have happened if deficit spending
Although separate skirmishes publicized deficit spending
, the ideological issue was governmental activism; and as for policy, by the late 1930s tax reform had replaced deficit spending
as the focus of business attacks on the New Deal (backed by a well-funded lobbying campaign, and with their numbers strengthened in the 1938 midterm election, congressional conservatives succeeded in rescinding the graduated corporate income tax and the undistributed profits tax by 1939), a configuration of battle lines recognizable today.
Djankov was happy to report 3 straight quarters of economic growth, a reduction in the deficit spending
down to roughly 2.
Republicans don't mind deficit spending
if the trade-off is tax cuts and more money for the military.
By increasing its deficit spending
, the government is assuming some of the burdens that the private sector might otherwise have to in order to encourage spending and investment.
Even the much-hailed John Maynard Keynes, who advocated government intervention and deficit spending
as a recession antidote, would have been unlikely to approve of the type of deficit spending
the US and UK are currently indulging in and advocating their Western counterparts to follow.
But Germany, Europe's biggest economy, has been strongly critical of the Prime Minister's deficit spending
e] denote real GDP, the real oil price per barrel, the squared real oil price, the ratio of deficit spending
to GDP, the real effective exchange rate, the real stock price, and the expected inflation rate, respectively.
That leaves an extra $15 billion to paper over the governor's deficit spending
and borrowing spree for the next couple of years.
To remain in the IMF program through 2006, Nicaragua must keep deficit spending