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Re: Election 2010: Teabaggin' the Ds & Rs
Quote:
Originally Posted by Cletus Miller
It HAS stopped running a surplus.
If you think the level of current deficit matters not, then I respectfully disagree. If we were talking about $0 v. the amount of SS redemption, sure, that's nothing to concern anyone. But it's $500B v. $700B (soon enough) and current account matters to *some* in the global bond market. And, it's also the stated principal concern of many of our dear political leaders to reduce the *deficit*, not the *debt*.
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I didn't say the level of deficit or debt doesn't matter. I was merely explaining that neither was off any books, imagined or real.
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[Dictated but not read]
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