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GTripp0012 · 10-23-2008, 05:26 PM

The entire global economy is based on the concept of debt, so a deficit in an of itself is just a fact, not a good thing or bad thing.

It's when you start stringing deficits together and lose control of the ability to pay back the debts that you have a real credibility problem.

10-23-2008, 05:26 PM	#3
GTripp0012 Living Legend Join Date: Mar 2006 Location: Evanston, IL Age: 37 Posts: 15,994	Re: Any opinions on deficits and economy? The entire global economy is based on the concept of debt, so a deficit in an of itself is just a fact, not a good thing or bad thing. It's when you start stringing deficits together and lose control of the ability to pay back the debts that you have a real credibility problem. __________________ according to a source with knowledge of the situation.