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Unformatted text preview: been out of control, with no consideration for what its going to do to future generations. Buchanan does support the fact that the future economy needs to be taken into consideration. However, he believes that the present crisis is so severe that we have no other choice but to expand deficit spending. In conclusion of this political debate, Buchanan clearly answers the question of whether or not the current economy should be concerned about the effects of deficit spending on the economic interests of future generation. His answer is no. He contemplates that by fighting the recession it will encourage more private spending. Buchanan also supports the fact that if we fight the recession by investing in things such as education, research, and other forms of human and physical capital, in the end, the future generation will still be wealthier....
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