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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (54621)7/16/2004 11:55:45 AM
From: KyrosL  Read Replies (1) | Respond to of 793838
 
are you aware of any economic research that supports the proposition that paying off the deficit is beneficial, economically?

No, but that's not the issue. We are currently on a course of rapidly rising debt as a percent of GDP. It's going to get much worse when the boomers start retiring in large numbers. Prudent fiscal management is needed now, so we have manageable deficits then.