Government Budget Deficit

  • Read Chapter 11 of Macroeconomics: Private and Public Choice.
  • Read Chapter 4 of Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You About Economics.

Let’s cordially debate a controversial and often misunderstood macroeconomic topic. Our huge U.S. government debt (see the latest debt being counted at U.S. Debt Clock Links to an external site.) continues to grow and is constantly in the news.

For your initial post address the following:

  • Is the large and increasing national debt an issue we should be concerned about?
  • How does John Tamny view the national debt? What is your conclusion? Is this a problem, why or why not? Be sure to support your conclusion with facts.
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Your initial response should be a minimum of 200 words. Support your response with at least one scholarly and/or credible resource in addition to the course text books.

 

Textbooks: Gwartney, J. A., Stroup, R. L., Sobel, R. L., & Macpherson, D. A. (2018). Macroeconomics: Private and public choice (16th ed.). Retrieved from https://www.cengage.com

 

Tamny, J. (2015). Popular economics: What the Rolling Stones, Downton Abbey, and LeBron James can teach you about economics. Retrieved from https://www.redshelf.com

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