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Reply #4: The deficit issue is not a short term one [View All]

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NoNothing Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-09-10 10:20 AM
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4. The deficit issue is not a short term one
It is a long-term one. Juicing the deficit for a quick hit of economic stimulus may or may not be a good idea. But the issue is that long term, even under the most optimistic scenarios, we will be paying a fortune in debt service if we run these kinds of deficits for too much longer.
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  -We are in Trouble. The Deficit is the new Saddam Hussein. Kurt_and_Hunter  Aug-09-10 09:39 AM   #0 
  - More obsession over the so-called "deficit"  bluestateguy   Aug-09-10 09:42 AM   #1 
  - Ha! "So-called" Deficit .  earthside   Aug-09-10 10:27 AM   #8 
     - re: the elite, corporate ruling class  Kurt_and_Hunter   Aug-09-10 10:37 AM   #12 
        - Not necessarily.  earthside   Aug-09-10 10:50 AM   #13 
           - True, but TIPS are only 8% of treasuries  Kurt_and_Hunter   Aug-09-10 11:11 AM   #19 
  - ...  Kurt_and_Hunter   Aug-09-10 10:07 AM   #2 
  - K&R!  alberg   Aug-09-10 10:14 AM   #3 
  - The deficit issue is not a short term one  NoNothing   Aug-09-10 10:20 AM   #4 
  - That's what Reagan did for 8 years in the 80s  wtmusic   Aug-09-10 10:27 AM   #6 
  - No, it isn't  NoNothing   Aug-09-10 10:54 AM   #14 
     - If the GDP were larger that ratio would decline somewhat  Kurt_and_Hunter   Aug-09-10 10:59 AM   #16 
     - GDP could only be negative if more was destroyed than was produced  NoNothing   Aug-09-10 11:11 AM   #18 
     - You are correct. I was being silly.  Kurt_and_Hunter   Aug-09-10 11:12 AM   #20 
     - The GDP is not a percentage.  wtmusic   Aug-09-10 11:16 AM   #21 
     - Debt is never "basically cancelled" by economic growth.  wtmusic   Aug-09-10 11:25 AM   #24 
        - If it's less then growth  NoNothing   Aug-09-10 11:30 AM   #25 
           - A reckless strategy long-term.  wtmusic   Aug-09-10 11:36 AM   #27 
  - Mistaken  Kurt_and_Hunter   Aug-09-10 10:29 AM   #10 
     - If inflation goes up  NoNothing   Aug-09-10 10:59 AM   #15 
        - If your argument is that we shouldn't run infinite deficits forever...  Kurt_and_Hunter   Aug-09-10 11:05 AM   #17 
           - Obama's own budget  NoNothing   Aug-09-10 11:18 AM   #22 
              - Cutting spending will make those out-years even worse.  Kurt_and_Hunter   Aug-09-10 11:32 AM   #26 
                 - No, the nineties never broke 5%  NoNothing   Aug-09-10 12:00 PM   #31 
                    - My bad  Kurt_and_Hunter   Aug-09-10 12:45 PM   #34 
  - No, the anti-deficit thing is not "mass-hysteria".  wtmusic   Aug-09-10 10:25 AM   #5 
  - These would have been good points to consider when the economy  Doctor_J   Aug-09-10 10:27 AM   #7 
  - What frugality?  wtmusic   Aug-09-10 10:32 AM   #11 
     - Higher taxes and drastic spending cuts.  Common Sense Party   Aug-09-10 11:54 AM   #30 
        - Bingo.  wtmusic   Aug-09-10 12:09 PM   #32 
        - Or what? What will happen?  Kurt_and_Hunter   Aug-09-10 12:49 PM   #36 
           - From the CBO  NoNothing   Aug-09-10 02:32 PM   #39 
              - Nothing there that much disagrees with what I'm saying  Kurt_and_Hunter   Aug-09-10 04:45 PM   #40 
                 - Not all deficit spending is equal  NoNothing   Aug-09-10 05:16 PM   #42 
  - I'm much more concerned about the DEBT than the DEFICIT.  Common Sense Party   Aug-09-10 10:29 AM   #9 
     - The debt is the aggregate sum of budget deficits  wtmusic   Aug-09-10 11:19 AM   #23 
        - I know exactly what the national debt is. That's precisely my point.  Common Sense Party   Aug-09-10 11:53 AM   #29 
           - I don't buy your both Parties do it....  Winterblues   Aug-09-10 12:22 PM   #33 
              - Show me one for Congress, who has to vote on the budget  Common Sense Party   Aug-09-10 12:47 PM   #35 
              - At +10% so far Obama is right up there with Reagan.  wtmusic   Aug-09-10 12:49 PM   #37 
  - I think colin powell is going to the UN to show the deficits mobile labs. nt  Javaman   Aug-09-10 11:36 AM   #28 
  - If The Republicans Re-Gain Control of the WH  Yavin4   Aug-09-10 12:59 PM   #38 
  - Cheney - 2004 - "Deficits Don't Matter  Beaverhausen   Aug-09-10 04:47 PM   #41 
  - This is perhaps Obama's biggest test yet..  sendero   Aug-09-10 05:18 PM   #43 

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