John Maynard Keynes.
John Maynard Keynes.
John maynard Keynes
Keynesian theory
Deficit spending is the opposite of budget surplus. It means spending more money than you have - going into debt.
Principal argument for deficit spending is the central point of controversy in economics.
Economist John Maynard Keynes argued that deficit spending was the best way to address a long-term economic depression. His policies are collectively known as Keynesian economics.
Roosevelt did use the deficit spending in World War 2. This was to help with the spending.
John Maynard Keynes (5-Jun-1883 to 21-Apr-1946).
Deficit Spending.
deficit spending
Deficit spending is spending money raised by borrowing. It is used by governments to stimulate their economy during times of depression or economic slow-down. Unless the borrowing is repaid, deficit spending will increase the national debt.
President Obama faces strong political pressure to curb deficit spending in the United States.