The federal government has already poured $3T into the economy to soften the economic pain caused by the coronavirus. It is currently debating sending another $1T to $3T into the economy to deal with the prolonged nature of the downturn. You might be worrying about the impacts on current and future generations of this high level of spending. After all, how is the government going to pay for it all? Doesn’t the federal government have to balance its budget eventually? Sadly, there are several pervasive myths related to the federal government’s deficit that lead to misunderstanding and confusion. Here are a few of the more common ones: Read more
