[Restorer]

Make an irrelevant comparison of deficits to GDP.

I'm curious. Why is the deficit as a percentage of GDP irrelevant? Seems to me that if I have annual income of $100,000 I can afford to assume a lot more debt, for instance on a mortgage, than I can if I have an income of $50,000. How exactly does this analogy differ from that of GDP/deficit?

[LN2Campy]

your example precisely illustrates the inanity of the comparison of comparing GDP and budget deficit -- in your own example you compared INCOME with ability to service debt.

[Willie Green]

Why is the deficit as a percentage of GDP irrelevant? Seems to me that if I have annual income of $100,000 I can afford to assume a lot more debt, for instance on a mortgage, than I can if I have an income of $50,000.

If $20K of your annual income was already committed to simply making INTEREST payments on existing debt (mortgages, student loans, car loans, credit card debt, etc.), I doubt that you'd be able to borrow 1 more penny anywhere.