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Question For President Obama’s – Challenge Spending Curtailment


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Many conservatives are challenging government spending. They refuse to accept that government must play a role to be the spender of last resort when the free market is unable to do so because of inherent structural deficiency in the system. There is ample data to corroborate Keynesian economics. One need only review the chart below when government spending was curtailed in the midst of the Great Depression as conservatives effected New Deal slashes in an attempt to balance the budget.

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