Posted by Bill on October 24, 2003 at 13:29:42:
In Reply to: Re: Re: Re: Re: Re: Re: Re: Is it true.... posted by Doug on October 24, 2003 at 12:57:15:
Just like I said, collect enough in taxes to pay for government. If you want to collect less, spend less. If you want to spend more, collect more. Cyclical deficits are fine (throughout the business cycle, the budget is in surplus or deficit in certain years, but over a period of time [6-10 years] it balances). Structural deficits are bad, meaning that we have to borrow to fund current spending with no sign of relief. Bush II has now had deficits in FY 2002 and 2003. The fiscal year that just ended had the largest deficit ever. Next year's will be bigger. We are projected to have deficits in 2005 also. And 2006. And 2007. And 2008. And 2009. That would be a structural deficit.
George Bush has made the government bigger than when Clinton was in office. Scary, isn't it?