Return to Article: Analysts debate consequences of a $1 trillion deficit

By John Maggs National Journal November 3, 2008
  • 62398

    Given that neither Congress nor the Executive Branch seem to think the deficit is a real concern, I don't see the panic about Social Security or Medicare either. If the Feds can float money for one purpose, why not for another? Especially since these two are transients that will be solved when the Boomers die off in 20-25 years or so.

    M Onger Posted November 5, 2008 9:07 AM
  • 62323

    Everybody is quick to show the deficit,(liabilities) BUT, no body shows the other side of this coin!!!! The other side of the coin is the assests. What is the value of this nation in full. Both private and public. To fully understand the question that is being poised any accountant worth a dang will know the full extent of both. So, show the answer!!!!!

    question that needs an answer? Posted November 4, 2008 8:58 AM
  • 62318

    The Federal government has created a huge problem with its current $11.2 trillion National Debt and $50 trillion in unfunded liabilities. The bailout plan would work if government was running a $2 trillion surplus, but being $11.2 trillion in the hole, the bailout will create more economic problems over the long run than it can ever fix. A trillion dollar deficit will compound these problems down the road. Running any deficit is a bad idea.

    MBA Posted November 4, 2008 8:13 AM
  • 62311

    This is amazing. Where was the debate over the growing national debt over the past eight years? Is this some kind of bad joke? And then there's that economic health indicator based on national deficit as a percentage of GDP, which I clearly never understood and suspected as political economics. I mean common sense would tell you that if you have more GDP from which to generate revenue, more of that revenue should be available to reverse debt growth, not give it a license to grow. And now I find out that the 'economists' who popularize this measure, would actually be suggesting that interest rates should be growing, when in fact they have been plummeting, is just icing on the FATCAT cake. Right, NOW is the time to focus on the growing national debt and spending. The America 'free-press' media and their cherry-picked experts have got to be at the root of 60% of this nations problems.

    Dave Posted November 4, 2008 7:48 AM

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Analysts debate consequences of a $1 trillion deficit
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