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Old 04-14-2011
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Quote:
Originally Posted by TracyCoxx View Post
Ok, let's see if there are any empirical truths. Possibly this: It's never good practice to routinely run a deficit unless it's a national emergency."

No matter what your party, is this ever false?
Attention all: this is a trap. Tracy Coxx wants you to believe that a national deficit, and borrowing, is the same as household debt and borrowing. In fact, the differences are profound.

Oh, and just to preempt it, Tracy Coxx will likely write: "Where did I write that?"
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