Seesaws, Budget Deficits, and the National Debt
Money For the Rest of Us
00:00
Why the Federal Government Runs a Budget Surplus?
The private sector cannot save without the federal government running a surplice. The only way to pay down debt is you spend less than your income. If businesses are cutting back what they're producing, then the economy shrinks. That's why it is very dangerous for governments to run budget surpluses.
Transcript
Play full episode
