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Could you show some evidence or proof that "The deficit is not that bad." Maybe a link or two to that amazing assertion.
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Will the CBO suffice? Heres the
link
The relevant data is on table 2 Revenues, Outlays, Surpluses, Deficits, and Debt Held by the Public, 1962 to 2003 (as a percentage of GDP).
Percentage of GDP is the best way to view a nations ability to run a deficit. Not the actual dollar figures as the lefties would suggest. Heres a simplified example as to why.
When I was making $3.60/hr, $250 of credit card debt was quit a bit of a burden on me. When I was making $36.00/hr, $250 or credit card debt hardly any burden at all. Even though the dollar amounts are the same, the increase in my income, decreased the negative effects of $250 of credit card debt.
According to the CBO the largest deficit as a percentage of GDP occurred in 1983. According to the CBO the Clinton deficit of '93 is actually larger than the Bush deficit of '03
Stu