This paper examines three sets of major questions regarding the current US government's fiscal deficit and outstanding debt, tied to the 2009 economic stimulus programme, the American Recovery and Reinvestment Act (ARRA). First, I consider the claim that high levels of government borrowing drive...

Full employment used to be an explicit goal of economic policy in most of the industrialized world. Some countries even achieved it. In Back to Full Employment, economist Robert Pollin argues that the United States--today faced with its highest level of unemployment since the Great...