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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Neocon who wrote (266811)6/25/2002 1:51:36 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
I think we passed that 'certain amount' quite a while back.

In the 19th. century (during which the US ran consistent deficits) there was a justification for debt: we were an 'emerging economy' and debt was required to develop our natural resources and the industrial base.

We no longer have that excuse.