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Sunday, March 29, 2009

More Deficits is Good, Can it?

According to Robert L. Borosage, Co-Director of the Campaign for American Future, he wrote Learning Deficits and how deficits should be managed.

Learning Deficits

Will Obama's transformative budget survive? As his press conference last night illustrated, it runs a serious risk of drowning in a swamp of cant.

1. The newfound Republican fiscal probity is worth less than a drunkard's morning after regret.

2. The greater worry in the short-term is that the deficits may be too small, not too large.

3. We can afford to take on the debt

2009-03-24-publicdebt_gdp.jpg
4. The most dangerous deficit is our public investment deficit.
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