Deficit spending results in MORE investment --- no crowd-out

(Economic Policy Institute, “THE CASE FOR GOOD DEFICITS,” pg online @ https://www.epi.org/press/the_case_for_good_deficits/ //um-ef)

Finally, Bivens also refutes the hawks’ claims that today’s budget deficits will unfairly burden future generations. He shows that, to the contrary, wise public investments made now to jumpstart a recovery and build the infrastructure to support a health economy going forward will benefit future generation while not crowding out any private investments that may benefit future generations. Rather than leaving the next generation an economy scarred by an unnecessarily long, lingering recession, he argues that the right kind of spending now is needed to lay the foundation for a healthy economy for generations to come.