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Deficit spending puts more money into the economy. We just increased the deficit to over a trillion dollars per year, mainly for tax cuts to the wealthy. Imagine if we instead spent that trillion dollars per year on infrastructure or education.

“suppose the government spends $100 into the economy but only taxes $90 back out. The result is a surplus equal to $10 that shows up somewhere in the non-government part of the economy. In other words, the government’s “red ink” becomes our “black ink.” Their deficits are our financial surpluses.“

Debt? What debt? At $22 trillion, here’s the argument the national debt doesn’t matter

So much ink has been spilled for so long on the national debt, it might be nice if that $22 trillion plus on the red side of the US balance sheet just didn’t really matter.