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Originally Posted by KMA-628
read Host's link.
It basically tosses out both graphs presented by Mephisto and pretty much contradicts most of the arguments in this thread.
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Host's link is discussing Debt, not deficit. Debt is the accumulated monies that are owed by the United States. Deficit is the difference between how much money is brought in vs. how much money is spent.
I've been in other discussions involving economics where the focus is the debt - and invariably, someone attempts to claim it is irrelevent and only the deficit matters. That the reverse has happened here in this discussion of the deficit is no suprise.