Here's the thing about deficits...we all live with and function very well with debt hanging over us. At least most of us. We carry mortgages, credit card, and auto/boat/college loan balances. If we are healthy, hard-working with a reliable income, we can manage with debt loads four or five times our annual incomes. At one time, the total amount of money I owed was about 7 times my annual income, but I was making monthly payments comfortably. As long as we can manage our repayment plans, which combined should be no more than half of our monthly income, debt is a way of life.
Our nation is the same. We generate lots of revenue and can carry tons of debt. Smarter people than me have been making claims for higher and lower deficits...
delta1 wrote:
