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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (25694)2/4/2008 5:14:14 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 71588
 
Believe the excerpt I quoted (from your remarks) was even LARGER:

Small deficits can be endless without problem. Deficits that grow slower than the economy (with spending and interest costs also growing slower) are not problems.

Endless large deficits are a problem, and a negative thing, but one that can be dealt with. We are worse off because of them, but its not a disaster.

Endless massive deficits would be a major problem and probably eventually a disaster (or at least a crisis followed by the end of the deficits, but if they where truly endless it would be a disaster).

Message 24281951

(Pretty hard to get away with calling that 'selective'. <g>)