Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Gillmeister

There is no "surplus". Just the lowest deficit in four years - which isn't all that much to brag about...


9 posted on 01/12/2007 2:39:12 PM PST by DB
[ Post Reply | Private Reply | To 1 | View Replies ]


To: DB

It will end up being pretty brag-worthy I think - the FY deficit will probably end up being well short of 2% of GDP, which means that GDP growth will be considerably faster than the growth of debt.

When ability to pay grows faster than debt, thats a good thing. The US was there unquestionably since FY2004-05.

Not as good as a balanced budget, but the real bleeding has stopped.


15 posted on 01/12/2007 2:43:54 PM PST by buwaya
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson