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Let's keep the US budget deficit under $1 trillion per year.

Posted: Fri Feb 10, 2012 9:13 pm
by Odysseusa
At least that's a start.



http://www.washingtonpost.com/business/ ... story.html


Budget deficit totals $349B through first 4 months; on pace to pass $1T for 4th straight year

Re: Let's keep the US budget deficit under $1 trillion per year.

Posted: Sat Feb 11, 2012 11:01 am
by moda0306
I would have to disagree.

Our budget deficit was smaller than our trade deficit from 1997-2008, draining our economy of cold-hard savings.

Only since 2009 have we been running deficits large enough to service both foreign demand for our money and domestic need for high-powered medium of exchange.

We have a lot of making up to do to repair our balance sheets.