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I think budget deficits do matter because they pull money away from private investment and private investment is needed for a strong economy
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Tuesday's debate focused on whether federal budget deficits matter. Greg represented the affirmative side and argued that budget deficits are, indeed, hurting the economy as a whole. Greg's argument focused around "the crowding out effect" and he asserted that budget deficits reduce private investment, resulting in a decrease of the expansion on America's capital stock...
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