Thursday, October 12, 2006

Democrats Complaint


Is this more important than the Mark Foley scandal?

I would think so.

Lower deficits reduce the debt, which means the American fisc pays out less less interest,

Many economists feel that on-going high supluses are a problem too. As I understand it, the government would then swallow ever-increasing amounts of money, spends it, thereby crowong out more innovative and productive use of the money by the the private sector. (Although government spends much money quite wisely. (Consider the National Institutes of Health.)

And I do not believe it is a one-time shot, as some Democrats claim, a bit desparately,

The fundamentals are in place for a long boom.

Ben

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