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Politics : American Presidential Politics and foreign affairs
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To: RMF who wrote (39832)12/23/2009 9:35:14 AM
From: Peter Dierks  Read Replies (1) of 71588
 
You claim: deficits DON'T matter

I disagree and always have. The point central to that claim is debt as a percentage of GDP is the vital statistic. Once it gets over 50% it is very problematic. I believe it recently stood at 83%.

If you wish to research it, many important posts are on this subject posted by Tim Fowler.
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