Comment Deficit Fiscal Spending Provides Private Income (Score 1) 760
In the very least the Slashdot advertisers think that this site's readers are insightful and look to learn new things. Most of the public debate calling for deficit cutting to save the republic is ill-informed. The U.S. government if the monopoly issuer of our currency. Households and businesses must earn money to spend it. The U.S. government does not. U.S. government spending adds money to the system. Taxes and payments remove money from the system. Our economy had multiple trillions removed and severely cut demand. The U.S. government can spend thereby creating income which then can support increased demand.
Jamie Galbraith presented a brief paper to the deficit commission that explains these points further. Look up Modern Monetary Theory (MMT) and learn a little more.