06 Stocks
Out of context: Reply #89
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Federal borrowing rose about $400 billion last year, but in a globalized financial market, where demand and supply come from all over, that's less than 1 percent of total debt. A pebble in the ocean.
It's not that deficits don't matter just not at these levels, or at any level that's truly feasible. Our government debt, at about 50 percent of GDP, is far lower than that of Europe and Japan. Unless deficits truly get out of hand (and we're far from that), other things, like taxes, matter much more. President Bush said that tax cuts would leave more money in the pockets of Americans, who would spend and invest to lift the economy. That's happened. As the economy gets better, revenues will rise, and the deficit will shrink.
Sorry but your plan isn't working. You all have a lot to learn.