What great timing! Dave Ramsey published an eye-opening article today on the size of the federal deficit and debt and how that would translate into an average family's spending habits.
Personally, I don't distinguish between personal finance practices and government fiscal policy. Don't spend what you don't have. This also means I never bought into Keynesian economics either.
But IS there a difference? Is it good fiscal policy to carry out deficit spending on purpose? If you were in Congress, what would you do regarding the current debt ceiling/budget debate?
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