‘The government budget deficit’ is a phrase that has become embedded in our mind, as a ‘bad’ thing. You can’t spend more than you earn.  But we have a completely illogical way of looking at government spending.  some government spending is ‘good’ and some is ‘bad’.  And the stated ‘deficit’ which results from the total is a figment of someone’s imagination, designed to communicate a perception, but not the truth.  Let me explain, in non-economic language!Read More »