No. of Recommendations: 1
Failure. Another dishonest lib lying by withholding context and not addressing the point at hand.

And what is that point, since you failed to address it? Glad you asked: Whether or not a deficit matters has to do with the size of the deficit that particular year relative to GDP and the overall US debt load.

So one more time, for the slower among us:

If national income is $10, debt is $3, (that's 30%), and you run a deficit of 10 cents, BFD.

If on the other hand, national income is $16, debt is $16 (that's 100% if you can't do the division), and you run a deficit of $1, that called "not good". Need me to explain that one, too?

PA needs smarter liberals.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.