Thursday, March 27, 2008

23. The U.S. political system is biased toward fiscal irresponsibility.


23. The U.S. political system is biased toward fiscal irresponsibility. Voters tend to prefer politicians who promise to cut taxes and increase government spending. Increased government expenditures without additional revenues increase the public debt, however. The public debt is discussed in greater detail in module 10 (Fiscal Policy).

1 comment:

  1. Many of these programs have done great good in spite of their cost.

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