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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (22131)	7/30/2010 3:32:10 PM
From: TimF	Respond to of 86356

Large deficits for any sort of spending are often a bad thing, but deficits for wars (which are temporary) are more reasonable than deficits for social programs (which are indefinite, and which have already lasted for generations). WWII deficits where larger (as a portion of our economy than anything since (and perhaps than anything before, but I don't know about the Civil War, and I'm not sure there are even good statistics about the Revolutionary War and its aftermath). But the war ended, and even though other spending increased, the vast majority of federal spending ended. Now the current wars are much smaller. They are only a very small part of federal spending, so really even though we are spending on wars, the deficit is for social programs, and to a lesser extent for non-war defense spending and interest on previous debts.