Posted by MarkB_MI on January 13, 2015 at 07:06:04 from (198.208.159.17):
In Reply to: Re: 140 acres posted by Bret4207 on January 13, 2015 at 05:04:04:
>How anyone can seriously say we aren't borrowing is beyond me.
I did not say we are not borrowing.
You have your cause and effect mixed up, though. We borrow money because we're running a deficit. You seem to think we are running a deficit because we're borrowing money. Not true. Now, we can indeed stop borrowing money; it's called "refusing to raise the debt ceiling". The results are not pretty, because it doesn't eliminate the deficit, it just eliminates the means to cover the deficit. Meaning the nation goes into default.
I agree we should not have a deficit. We didn't have a deficit in 2001 and there was absolutely no excuse for the Shrub to give away the surplus to make a lot of wealthy people happy. Now we're clawing back from the hole he dug. If you think having the nation go into default is preferable to paying back the money it has borrowed, then I don't think we're in agreement as to the sort of nation we are.
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