
Seesaws, Budget Deficits, and the National Debt
Money For the Rest of Us
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Is the Government Running a Deficit?
A budget deficit is on one side of the seesaw. The private sector surplus or savings are on the other side, the seasal. You can't have one without the other. There's been only two or three times in the history of the united states that the government has run a budget surplus. Shortly thereafter, we have always gone into a recession.
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