SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: i-node who wrote (747063)10/16/2013 3:36:19 PM
From: TimF  Read Replies (2) of 1570112
 
Fiscally we don't really need to get to zero. As long as the deficits each year are small enough so that over time the debt declines as a percentage of the economy.

But zero is a good goal. If you start with "well we can have a small deficit and its fine", then over time that small deficit gets bigger and bigger. There isn't any clear, easily explained hard line between .2% of GDP, and .5%, and 1%, and 2%, and 12%. Zero is a clear easy to define and explain point, and it doesn't require the more complex and nuanced explanation about while a deficit of X is fine, a deficit of 10X is bad. Most of the time politics works better with sound bytes then complex explanations and you can't explain the debt growing slower than the economy very well in a soundbite that will resonate with voters.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News