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Old 11-01-2004, 10:24 PM   #11
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I should also mention that since inflation is currently so low, and cyclical unemployment somewhat above average, it would be wrong economically to try to decrease the deficit. Bush is probably doing the right thing.
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Old 11-01-2004, 11:30 PM   #12
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I'm a management major So i must master Accounting, Economics and management issues before i get my paper that rhymes with siploma.

The majority of the of the national debt is to ourselves, through gov't bonds. The gov't sells bonds to make money, and will pay them off at a later date. However they have, and will in the future, sell more bonds to pay off existing bonds.

I never said bush didn't make it grow, he just didn't create it. Regan was the first president to enforce a balanced budget. We dont' need it every year, or everytime, but keeping it low helps.

And Kerry'* "Plans" would increase the defeciet. With all of that spending, money has to come from somewhere to pay for it. He said he will not raise taxes on us, so it must come from Bonds and such. Gov't can't give you anything... They just redistribute income, while doing it less efficiently compared to real businesses.
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