Deficit Hawk - Criticism

Criticism

Some believe that deficit hawks use deficits as an excuse to oppose government spending. William Greider claims, "Their real intent is to stymie the very spending programs that can deliver economic recovery and relief to battered citizens." He points to the example of World War II spending during the Great Depression, in which the government ran up massive deficits but brought about America's postwar prosperity by taking greater control of the economy, focusing production on arms and suppressing consumption.

Read more about this topic:  Deficit Hawk

Famous quotes containing the word criticism:

    In criticism I will be bold, and as sternly, absolutely just with friend and foe. From this purpose nothing shall turn me.
    Edgar Allan Poe (1809–1845)

    Homoeopathy is insignificant as an art of healing, but of great value as criticism on the hygeia or medical practice of the time.
    Ralph Waldo Emerson (1803–1882)

    A friend of mine spoke of books that are dedicated like this: “To my wife, by whose helpful criticism ...” and so on. He said the dedication should really read: “To my wife. If it had not been for her continual criticism and persistent nagging doubt as to my ability, this book would have appeared in Harper’s instead of The Hardware Age.”
    Brenda Ueland (1891–1985)