Replies to post #214657 on Zeev's Turnips Talk Politics (ZTTP)

[extelecom]

Peg, Do you have a link showing we borrowed money from China?

[Trader77]

To reiterate:

1) Deficit spending was necessary and has been vindicated by history as it revitalized the slowing economy (as measured by GDP).

2) The tax cuts stopped the deflating dollar, increased consumer spending and increased investment (preserving and adding to the record gains in real estate). This too has been vindicated by history.

3) The debt reduction program is years ahead of schedule and likely to exceed its target. To simply take the debt figure and divide that by the population and assume that there one day will be a symmetrical payout is absurd.