Does Government Have a Revenue or Spending Problem?
Find LearnLiberty on Facebook: http://on.fb.me/X9qijG
People say the government has a debt problem. Debt is caused by deficits, which is the difference between what the government collects in tax revenue and the amount of government spending. Every time the government runs a deficit, the government debt increases. So what's to blame: too much spending, or too little tax revenue? Economics professor Antony Davies examines the data and concludes that the root cause of the debt is too much government spending.
Find LearnLiberty on...
Twitter: http://bit.ly/RBl3Wv
Facebook: http://on.fb.me/X9qijG
Our Website: http://bit.ly/RBl3FH
People say the government has a debt problem. Debt is caused by deficits, which is the difference between what the government collects in tax revenue and the amount of government spending. Every time the government runs a deficit, the government debt increases. So what's to blame: too much spending, or too little tax revenue? Economics professor Antony Davies examines the data and concludes that the root cause of the debt is too much government spending.
Find LearnLiberty on...
Twitter: http://bit.ly/RBl3Wv
Facebook: http://on.fb.me/X9qijG
Our Website: http://bit.ly/RBl3FH
Related Videos »
22,297
Do We Need Government?
99,306
Funding Government by the Minute
75,983
How Cronyism is Hurting the Economy
207,746
Will Taxing the Rich Fix the Deficit?
41,508
Law without Government: Principles
70,008