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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 179.26+0.5%Dec 15 3:59 PM EST

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To: Jon Koplik who wrote (138520)7/12/2005 12:09:03 PM
From: Whatnot  Read Replies (3) of 152472
 
Jon,

if you believe that domestic budget deficit is 'at a very comfortable size in relation to GDP' then there is a large bridge I would like to sell you in New York.

They are 'comfortable' only because you (we) have become inured to what the definition of a large deficit is. The current and future obligations of the United States are unspeakably huge.

Does anyone remember Ronald Reagan calling for a balanced budget amendment? Does anyone remember that a balanced budget amendment was part of the Republican Party manifesto a few years ago? Of course not because the Republican Party has abandoned all fiscal restraint (government spending is again exceeding the rate of inflation) and is just selling you on the idea that is does not matter. It does and it will

Regards
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