Quote:
Originally Posted by Voltigeur
You can read Shaviro "Do Deficits Matter". There's also a number of papers (econometrical) that have mixed results at finding any causality b/w 'rates and deficits. The Economist had a good summary on the debate several years ago but I can't find it readily (did a site search, "deficit" brings up 000's of entries).
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for every person who says the debt is bad, you'll find on who says it doesn't matter...
depends on what is was used for:
needless war, bad
overblown defense budget (>1/2 of the discretionary spending), bad
tax cuts for the wealthiest, bad
healthcare, good
edecation,good
infrastructure, good
and even these are open to debate...they are all opinions, not facts, and can never be proven/validated
one thing for sure, the bill will become due some day