[EnochPowellWasRight]

"The budget deficit as compared to the GDP is not a meaningless statistic. "

Yes, it is.

" Are you saying that if the deficit were 20% of GDP instead of the current 1.9% that it would make no difference?"

Let me put to you this way: your company's revenue stream increased this year and your CEO ran up his credit cards to the max and is only able to make the minimum payments. Now, saying that the CEO's deficit is only 2% of the Company Domestic Product is sort of meaningless, isn't it? It's the same thing. The revenue of the country is NOT the revenue of the government.

Let's not even bring up what this is doing to the DEBT. Up $2 trillion from 6 years ago.

"Not a single economist would agree with you there. "

Quite a few would agree that this is a meaningless statistic.

http://www.mises.org/freemarket_detail.asp?control=435&sortorder=articledate

[Black Republican for Bush]

"Quite a few would agree that this is a meaningless statistic" And quite a few would not.It's true that GDP demonstrates what our economy as a whole produces, while debt is accumulated by our govt, not our nation as a whole. But you fail to see that a strong GDP means increased tax revenue, which does help to decrease the deficit. Our tax revenues have been 10 to 15% greater than had been predicted. So if greater business profits, which result in greater tax revenue, creates a larger economy, the greater revenues coming into govt coffers shrink the deficit.That's why strong growth can make a significant difference when running a deficit.--Mark