Quantcast

The Breakdown: Is the Federal Deficit Actually Bad for Our Economy? | The Nation

The Breakdown: Is the Federal Deficit Actually Bad for Our Economy?

It looks like you don't have Adobe Flash Player installed. Get it now.

Why, exactly, is the federal government deficit a bad thing? We've all heard the numerous objections: the deficit increases interest burdens, contributes to currency inflation and leaves us in debt to foreign states and investors. But why has deficit spending, as we're told, suddenly reached "crisis" level? On this week's edition of The Breakdown, DC Editor Chris Hayes and economist Robert Pollin discuss why the standard arguments against deficit spending don't tell the whole truth, and why our economy is unhealthy for reasons other than simple debt accumulation.

Resources

Robert Pollin in The Boston Review on the moral imperative of full employment.
Pollin explains why austerity is not a solution [PDF].
Robert Pollin and Jeffrey Thompson on the betrayal of public workers in this week's issue of The Nation.

Subscribe to The Breakdown on iTunes to listen to fresh takes on the confusing concepts that make politics, economics and government tick. A new episode every week!

  • Share
  • Decrease text size Increase text size