As reality tells us that federal spending needs to be cut drastically, that means that local projects will need to be funded by states and localities, which means deficit spending is not an option.
Category:
Politics
US entry into WWI assured a decisive Allied victory, but it also assured a victory for politically-connected US bankers who used the new Federal Reserve System to send newly-printed money to the Allies which quickly returned back to the US in the form of military-industrial contracts.