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Politics : The Citizens Manifesto -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (9)6/11/2005 2:36:20 PM
From: neolib  Read Replies (1) | Respond to of 492
 
Part of it is linked to growth. If population is growing, then some amount of deficit spending is acceptable. It might also be linked to productivity growth, but that is less clear. This is where two of the proposed party planks are consistent. Curbing illegal immigration & a balanced budget. The current high immigration rate into the US somewhat enables current budget (and SS) deficits (or projected deficits) since the population base paying them off will be significantly larger. One can deficit spend in perpetuity if the population grows likewise. There are some economists that have explicitly addressed this issue, calling for relaxed immigration as a means of bailing us out long term. But the piper will demand pay at somepoint. This is why I always beat the biological analysis issue. Over 150 years ago Darwin comprehended how the twin issues of excess reproduction coupled with the struggle of life could result in a complex, dynamic and changing world. Yet today, many people assume that human economic affairs are somehow above this fray, and are not affected by such base things. Nonsense!