Deficit: Friend or Foe In the essay “Why is the Deficit a God Send and Five Other Economic Heresies” by Walter Russell Mead he discusses the concepts of national debt and budget deficit. Both the debt and the deficit have some positive and negative consequences. The deficit can play a positive role in an economy in economic growth. To fully support my argument that the deficit is good for countries such as the United States …showed first 75 words of 710 total…

…showed last 75 words of 710 total…since the deficit is relatively small in comparison with the gross domestic product (mead 173). If the budget deficit is used sensibly it will continue to spark economic growth in Canada and the United States. Bibliography Bibliography 1. Mead, Walter Russell. “Why the deficit is a God Send.” Intersections: Essays in the Sciences and Humanities. Scarborough, Ontario: Prentice-Hall Canada Inc, 1999. 2. Parkin, Micheal, and Robin Bade. Macroeconomics Canada in the Global Environment. New York: Addison-Wesley Publishers Limited, 1997 ed.