Deficits
If I remember correctly, I believe it's something like 47 out of the last 55 years, we've run a deficit. And during that same time period, we've sextupled the GDP. And during that same time period, we've created over 75 million jobs.
Running a deficit is not always as bad as it's painted. Especially during war times where extra expenditures are necessary. Right now, our economy is expanding....slowly, but expanding......interest rates are still very low......inflation is still very low.....home ownership is the greatest it's ever been.......and we've pulled ourselves up out of a recession we were handed despite the greatest terrorist attack on our home soil ever.
Although I do believe we should hold down discretionary spending as much as possible....I don't see this as our primary problem right now.
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"This is a time for a national imperative not to fail in Iraq." Condoleeza Rice, January 11, 2007
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