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Originally Posted by shakran
Bingo. It's amazing. If I engage in deficit spending, I go bankrupt. If you engage in deficit spending, you go bankrupt. If a corporation engages in deficit spending, it goes bankrupt. When the USSR engaged in deficit spending, it went bankrupt.
But somehow, with republicans stirring the american financial witches cauldron, dashing in a good sprinkle of voodoo economics, deficit spending is a good thing.
Like I said. Amazing.
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What's amazing is that you blame only Republicans. According to CBO figures, 7 out of the 8 Reagan budgets would have been balanced if the Democrat-controlled Congress had been able to limit spending increases to 5%.
By the way, I dislike deficit spending in general. However, without it, we'd either speak German or Japanese, and we would have no interstate highway system.