According to the Text, All of the Following Statements Regarding

According to the text, all of the following statements regarding deficits are true except

A) deficits are not necessarily bad; at times, they are even appropriate.
B) when the economy is in recession, deficits stimulate commerce that puts people back to work.
C) some government spending yields a high social and economic return that makes borrowing money worthwhile.
D) whether deficits are good or bad depends on the state of the economy as well as on how wisely the money is invested.
E) deficits are always bad. They reflect government's profligate spending.