Election 2010: Teabaggin' the Ds & Rs

[Mmmm, Burger (C.J.)]

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*.

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.