â 439,000 hospital inpatient stays 6. â $18 billion attributable to asthma 3. âSignificant patient burden. â ~50% of patients have uncontrolled asthma when presenting to primary. care clinics for non-respiratory reasons7. â 46.7 million days of school, work, or activities missed in the past year8.
However, while deficits and taxes cause crowding out, the national debt has little impact on. investment and output, and government spending appears to create a âcrowding inâ affect, supporting the Keynesian multiplier effect. Of course, there are also other concerns regarding such a large deficit and national debt.
1 A key issue of expansionary fiscal policy is the state of the economy. 2  If expansionary fiscal policy is pursued when the economy is close to full capacity, then the increased government borrowing is likely to cause crowding out and / or contribute to higher inflation.