Suckerfish

Deficits and Stimulus

Some reddit commenters argue that 1) All deficits are bad, and 2) I'm similarly hypocritical for not supporting deficit spending during the war, but supporting them now that Democrats are in power.

Generally I think deficits should be avoided, but I wouldn’t agree that they are always "bad." Plenty of evidence shows that when governments invest in infrastructure, they can offset some of the effects of depression.

Look at state governments, which are required to have balanced budgets. The times when states most desperately need to be spending is also when revenue is down — their hands are tied when they need to spend the most.

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