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Politics : American Presidential Politics and foreign affairs
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To: Jim S who wrote (25664)2/4/2008 4:09:12 PM
From: TimF  Read Replies (1) of 71588
 
Yes what the deficits are incurred for is a consideration.

Not that deficits for a major war cause less damage than other types of deficits, but they have A LOT more justification, and also will occur less often (minor wars are much more frequent, and transfer payments are continual, while major wars are relatively rare).

To make it clear I'm not arguing for deficits. I just don't consider moderate deficits to be so horrible that they should be closed at any cost (with tax increases being the typically proposed cost)
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