The Deficit Spending:
The deficit spending: by Youssef Chamoun 29-08-2021 Beirut, Lebanon Deficit spending, as Robert Kiyosaki, the author of the Rich Dad, Poor Dad series, said, can result in unimaginable amounts of money being created out of thin air. If a trillion sounds like a million, and a million sounds like a billion, then what is a trillion? It's a mind-boggling sum that would take us close to two million years to spend if we spent 1000 Lebanese lira pounds every second. That's 34,000 thousand years! It's hard to fathom the amount of money being spent by the government, with 2 trillion being spent in just a minute. The impact of this deficit spending on us as humans are significant. Hard-working employees may find themselves having to work extra hours and put in more effort just to keep up with the rising costs of living. With 99% of our goods being made outside the country, the need for more than two extra trillion to be printed arises so that we can buy the basic goods and necessities...