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Politics : American Presidential Politics and foreign affairs

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To: DuckTapeSunroof who wrote (25659)	2/4/2008 3:55:10 PM
From: TimF	Read Replies (2) of 71588

Your making categorical statements that aren't true as categorical statements. Small deficits can be endless without problem. Deficits that grow slower than the economy (with spending and interest costs also growing slower) are not problems. Endless large deficits are a problem, and a negative thing, but one that can be dealt with. We are worse off because of them, but its not a disaster. Endless massive deficits would be a major problem and probably eventually a disaster (or at least a crisis followed by the end of the deficits, but if they where truly endless it would be a disaster). That way lies economic disaster and national collapse. Only for endless massive deficits. NOT salvation of any sort. Even tiny ones wouldn't be any form of salvation, and no one here was arguing that they where. According to your words a deficit of 35 cents a year, year after year would lead to "economic disaster and national collapse". You should watch that tendency to categorical statements. I think your meaning might be far closer to being correct than what your actually posting.

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