To: hove
Mostly, but we only have surpluses if the economy is good anyway. Deficit spending is fine during an economic downturn as long as interest rates are low (and they are).
To: GraniteStateConservative
RAT HEADS thought they would be "out front" of Bush's speech and get the jump on him...all they got was "road kill" while he rolled right over them in his SUV!
To: GraniteStateConservative
"Mostly, but we only have surpluses if the economy is good anyway. Deficit spending is fine during an economic downturn as long as interest rates are low (and they are).I'm not sure I agree. We have been accumulating deficits for years. And as it is, we tax payers pay almost as much on interest on the debt each year...that we pay for defense spending. That's disgusting! And interest rates might go up...making this even worse.
190 posted on
01/07/2003 1:32:09 PM PST by
hove
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