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  
Recommended by:
TimF
To: tejek who wrote (747136)10/16/2013 7:27:46 PM
From: Tenchusatsu1 Recommendation  Read Replies (2) of 1570693
 
Ted,
What does 'runaway deficit spending' mean to you?
It means that, left unchecked, government spending will continue to grow faster than tax revenues.

Currently the federal debt is already above 100% of the GDP, and the deficit is 7% of the GDP. These are levels that would be considered unacceptable anywhere else, especially the Euro zone, but we can get away with it because we're squandering the U.S. dollar's status as the world's reserve currency.

If we actually reduced the deficit down to 1-3% of the GDP (i.e. 1% in good times, 3% in recessions), we should be OK. Anything beyond that would be runaway deficit spending.

No need to tell me that we actually balanced the budget under Clinton, because that was on the back of a huge dot-com bubble with unsustainable P/E ratios based on "pro forma" earnings.

Tenchusatsu
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