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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Fables Of Finance. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.
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Fables Of Finance
by crankymessiah at 3:14 pm EDT, Jul 16, 2003 |
] Budget: The budget deficit is expected to jump to $450
] billion this year, causing some deficit hawks to warn of
] a growing "crisis." Sorry, but the crisis doesn't exist.
]
] Those who fear the deficit seem surprisingly immune to
] any lessons from history.
]
] For history shows that most of what we hear about the
] deficit is wrong. This deficit, in the truest sense,
] isn't a "record." It's not even close. This year the
] deficit will come in at about $455 billion, or 4.2% of
] GDP, which is the most meaningful way to measure spending
] gaps. How big is that? It doesn't even make the top five
] since 1980. |
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RE: Fables Of Finance
by flynn23 at 8:58 am EDT, Jul 17, 2003 |
crankymessiah wrote:
] ] Budget: The budget deficit is expected to jump to $450
] ] billion this year, causing some deficit hawks to warn of
] ] a growing "crisis." Sorry, but the crisis doesn't exist.
] ]
] ] Those who fear the deficit seem surprisingly immune to
] ] any lessons from history.
] ]
] ] For history shows that most of what we hear about the
] ] deficit is wrong. This deficit, in the truest sense,
] ] isn't a "record." It's not even close. This year the
] ] deficit will come in at about $455 billion, or 4.2% of
] ] GDP, which is the most meaningful way to measure spending
] ] gaps. How big is that? It doesn't even make the top five
] ] since 1980. uh, it doesn't matter if it's a slim percentage of GDP. $450B is a lot of clams, and debt is never good. |
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