[John Jorsett]

Other than listening to the demons wail about the deficit, what difference has it made in any of your lives? None. Interest rates have not gone up.

As the man falling pst the tenth floor said, "So far, so good." Just because the earth didn't immediately swallow the United States when the deficit hit 500 billion doesn't mean that there won't be long-term consequences. At some point taxes will have to go up to pay for this horn of plenty and that's going to hit the economy hard.

[netmilsmom]

My dad explained that if he paid off our family mortgage with 200.00 payments when he made 400.00 a month, we immediately would have had lots more money to spend. We would have spent it.
Since he let the loan go for the full 30 years, that 200.00 payment didn't look so bad when we were earning 2000.00 a month. Isn't this the plan in the long run?

Just asking.

[Soylent Democrats]

Taxes will not have to go up to address the debt, rather the current fiscal policy should maintain a positive growth rate with increased tax receipts / revenues to the Treasury. Taxes do not need to be raised; that's a socialist's answer.

[EternalVigilance]

I love your 'tenth-floor/so-far-so-good' analogy. Perfect! :-)

[Missouri]

As the man falling pst the tenth floor said, "So far, so good."

LOL !!

You must be one of those demons who hasn't drank the koolaid.

[CyberAnt]

Were you aware that during the 2nd world war, our deficit was 100% of our GDP. I'm not sure what it is today, but I do know it's not even a hair's breath near that.

Take your TAX PLAN and take a hike! Raising taxes is exactly THE TOTAL OPPOSITE of what should be done. Even JFK knew that when he called for tax cuts. We need to make the tax cuts permanent.

[Jorge]

As the man falling pst the tenth floor said, "So far, so good." Just because the earth didn't immediately swallow the United States when the deficit hit 500 billion doesn't mean that there won't be long-term consequences. At some point taxes will have to go up to pay for this horn of plenty and that's going to hit the economy hard.

Both the Reagan and Clinton deficits were are much larger percentage of the GDP and we didn't see the results you predict.
Quite the opposite.