Quote:
Originally posted by Phaenx
A deficit isn't trouble unless it accumulates quite a bit, I'll also add that contrary to what Democrats say, we didn't magically get a deficit when Bush won the Whitehouse.
The idea behind tax cuts and spending is to not have a huge mountain of cash collecting dust in the treasury, you want it in the hands of your citizens, changing hands, exchanging goods. If you spend money right, you can make more money.
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UMM, then you are in big trouble because annual deficits get put into the "debt"
And right now, the US debt is staggering. About $125,000 for ever single household in the USA.
Clinton was running surpluses. Bush and company changed all that by giving out large tax cuts to the richest and least deserving indivduals.
If there was any money "collecting dust", common sense would dictate that it be used to pay off the national "debt"