3min chapter

The Jordan B. Peterson Podcast cover image

313. Debt Free Government and Fundamental Values | John Anderson

The Jordan B. Peterson Podcast

CHAPTER

Is There a Difference Between Deficit and Debt?

Biden Dase: It's very unlikely that governments will do more than one. We should clarify for everybody that's watching and listening the distinction between deficit and debt. And so to attack the deficit, then each year the government doesn't spend more than it brings in. To pay off the debt means that the cumulative consequences of the deficit are also eradicated.

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