Quote:
Originally posted by sgtclub
Deficits only matter when they reach critical mass as a percentage of GDP.
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SC, what do we do with the idea that no Repub admin in 75 years has shrunk government? That was very disturbing to me. Did it bother you the same way?
I agree that deficits only matter when you have no control over inflation and exchange rates. You can obviate a deficit in a second by popping inflation, or devaluing. Why not do those things? Make it more expensive to buy Jap and Kraut cars - make it less advantageous to hire Indian labor - make it less fun to make Nikes in the Phillipines - what's our downside there? Look at how fast we can kill a deficit, and, at the same time, reduce the rest of the world to dependance on our largesse. I don't think the rest of the world, or AG and Ty, realize how dependant they are on our nicety, and how fast we could fix our own problems by fucking them. I consider it a sign of weakness in Bush that he hasn't done this yet. I'm sure Cheney has suggested it.
