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Deficit: Why Should I Care? by Marie Bussing-Burks

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Public Goods Are a Priority

Deficit financing is often employed to provide goods and services that are essential to citizens. These are referred to as public goods. Public goods are classified as both nonrival—when a good or service is used by one person, others are not deprived from using it—and nonexcludable, which means one person cannot exclude others from using the good or service. National defense (see Figure 5-1), flood control, and the legal system are all examples of public goods.

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Figure 5-1. The government provides public goods such as national defense. The military personnel pictured are firefighters from the 374th Civil Engineer Squadron ...

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