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Politics : Mainstream Politics and Economics
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To: KyrosL who wrote (258)9/1/2011 6:21:12 AM
From: Paul Smith3 Recommendations  Read Replies (1) of 85487
 
But we don't need to have the federal debt decline. We need to have the debt to GDP ratio decline.

I think that is a fair and accurate point but it shifts the discussion toward what policies would result in greater GDP growth. A case could be made that increased regulations, such as those that impact oil drilling (and others), have a negative impact on GDP growth and also jobs. While some/many regulations have merit, they also come with a cost and the cost is often a reduction of growth.

I think we either need to allow more growth with some regulatory change or make large budget cuts or some combination of both.
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