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Topic	Get ready for that red tide tonight
darkknight109 11/07/18 3:00:09 AM #66:	Zeus posted... Given that the way that the national debt has been handled, budget deficits are effectively meaningless right now because we have an obscene amount of credit available. The more debt is piled on, the greater the amount of tax revenue that has to be diverted to interest payments to service that debt and the greater the impact will be. That's not a dealbreaker, but running sky-high deficits now, during a period when the economy is roaring and sound economic policy would involve paying down the debt, is economic lunacy. --- Kill 1 man: You are a murderer. Kill 10 men: You are a monster. Kill 100 men: You are a hero. Kill 10,000 men, you are a conqueror! <cite>darkknight109 posted [p:911965080] in Get ready ... [t:77176060]...</cite> <quote><cite>Zeus posted...</cite> <quote>Given that the way that the national debt has been handled, budget deficits are effectively meaningless right now because we have an obscene amount of credit available.</quote> The more debt is piled on, the greater the amount of tax revenue that has to be diverted to interest payments to service that debt and the greater the impact will be. That's not a dealbreaker, but running sky-high deficits now, during a period when the economy is roaring and sound economic policy would involve paying down the debt, is economic lunacy. --- Kill 1 man: You are a murderer. Kill 10 men: You are a monster. Kill 100 men: You are a hero. Kill 10,000 men, you are a conqueror!</quote> ... Copied to Clipboard!
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