What is Wrong with Deficit Spending?

CR101 Radio - Podcast Network · Jul 22, 2026 · 3m

The passage argues that deficit spending is both economically and morally harmful. Economically, running annual deficits accumulates national debt, threatens programs like Social Security, and risks eventual bankruptcy. Deficit spending fuels inflation, which undermines the purchasing power of citizens and destabilizes the economy. Morally, debt living is seen as a symptom of poor discipline and prudence, lowering societal standards, encouraging vice, and weakening family and community cohesion. Politically, deficits erode trust in government, increase social unrest, and historically have…