The Deficit Myths

• Myth: The federal budget should budget like a household

• Myth: Federal government deficits are evidence of overspending

• Myth: Federal government deficit spending will burden the next generation

• Myth: Deficit spending will crowd out private investment and limit long-term growth

• Myth: Deficit spending will make the U.S. dependent upon foreigners

• Myth: Entitlement spending poses a long-term fiscal crisis