Deficits & Debt: An American Fiscal Legacy
                                             
Need for Deficit Spending

What about Borrowing?

Monetization

Budget Deficits

    Cyclical

    Structural

Deficits versus Debt:  Are They Really Bad?

Discretionary Fiscal Policy & Porkbarrelling

Automatic Stabilizers:  An Alternative

Data: The United States Debt Clock in real time -caution: this may take a while to open.

You are now ready for the Deficits & Debt Quiz in "Assignments"