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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (25684)2/4/2008 5:07:48 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: [You are ignoring] "1 - The fact that I directly "said" (posted) that large continual deficits are harmful and that massive continual deficits (to the extent they can be sustained at all) can lead to disaster."

Believe you may be 'revising and extending' your own comments here a bit, Tim.

Believe you *actually* said:

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).

Message 24281951

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