jas1552:
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I'm saying they're not the same thing, and that the economy can be doing quite well even while the government spends more than it receives in tax revenue.
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Getting you! But where does this hypothetical case apply right now?
I sure hope for many folks the "ecomony" is genuinely improving, but there is much work to be done before that is actually going to be of benefit. Basing "success" on one quarter results alone is not sound since this does not represent the full picture (see above for some of many reasons).
The deficit is the worst ever recorded and increasing.
So... the "theory" of an "economy can be doing quite well even while the government spends more than it recieves" is a little irrelevant in the current scenario? That's kinda like a bird with it's head in the sand.
I suspect it will take many years yet to recover from this, since the momentum still appears downwards and not flattening out.