Quote:
Originally posted by Webby
jas1552:
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.
|
I'm not basing anything on one quarter. The economy was doing well before the last quarter. I just mentioned the last quarter because the economy did extremely well then. As the economy continues to improve I expect tax revenue will grow as well. Could you imagine what the deficits would be if the government paid for all health care as some dems would like?