I think because of paying interest on the debt we already owe....the DEFICIT, the amount we spend versus what we take in , is going DOWN...which means we are living within our means WHILE the slimdown is in effect.
And if we can do THAT with little or no hardship for the VAST MAJORITY of Americans then WHY can't we do it all the time?
Agreed. This shows we can wlive pretty well just by eliminating the EPA. :)
Huh? The debt will rise as long as there is a deficit. You need budget surpluses if you want to reduce the debt. The article is only pointing out that the deficit is decreasing. Not to be confused with the debt.
“.the DEFICIT, the amount we spend versus what we take in , is going DOWN...which means we are living within our means WHILE the slimdown is in effect.”
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Uh, we are NOT living within our means just because the deficit is going down, the deficit has to be zero or become a surplus before we are living within our means. It will never be exactly zero so it must become a surplus, a positive figure, before we can actually say we are living within our means.