How did FDR feel about deficit spending?
In campaigning for the presidency in 1932, Franklin D. Roosevelt prioritized a balanced budget prior to the buildup for World War II and was very against deficit spending. However, in order to implement his New Deal, a budget deficit was needed, and he later said that steadily decreasing deficits will turn in time into steadily increasing surpluses.
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Deficit spending means the amount that a government, company, or individual's spending exceeds its income over a particular period of time. It's also called deficit or called budget deficit. It means you're in the hole!
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About In Time
'In Time' is a 2011 science fiction thriller film starring Justin Timberlake, Amanda Seyfried, Olivia Wilde, Cillian Murphy, Alex Pettyfer, and Johnny Galecki. In the movie, people do not age past twenty-five years old. In an effort to avoid overpopulation, each person is given a certain length of time to live, which then is used as currency.
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