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phoenix75

(290 posts)

3. Smoke and mirrors

Reply to deminks (Original post)

Mon Jan 9, 2023, 08:17 PM

Jan 2023

Permit me to pose a question here. Do fiscal deficits really matter? It is my understanding that the federal government has run a deficit every fiscal year since 1970 (with four exceptions as I recall) and yet here we are in 2023 doing just fine.
So is the periodic hand wringing over the deficit just smoke and mirrors to either justify or oppose proposed spending bills, or am I missing something here?

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15 replies

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Highlight:

CBO scores GOP IRS funding bill (tweet) [View all] deminks Jan 2023 OP

increase the DEFICIT ..... Lovie777 Jan 2023 #1

Is "reducing revenue" another term for "lowering taxes for billionaires"? FakeNoose Jan 2023 #2

Smoke and mirrors phoenix75 Jan 2023 #3

As the world's largest economy and the US dollar the strongest of all currencies.... machoneman Jan 2023 #6

Thanks for this! ShazzieB Jan 2023 #9

Thank you 👍 phoenix75 Jan 2023 #13

"Reagan proved deficits don't matter." - Dick Cheney progressoid Jan 2023 #10

Not immaterial, but... HariSeldon Jan 2023 #11

Trickle Up,... defying the laws of gravity,... but making the rich more richer still. magicarpet Jan 2023 #4

First bill under Speaker McCarthy will cost taxpayers more than $100 billion, Alternet progree Jan 2023 #5

GOP sucking up to those rich donors. republianmushroom Jan 2023 #7

Starve the government. SergeStorms Jan 2023 #8

How has the GOP Red Mountain Jan 2023 #12

Ok, Goobers, how are ya gonna pay for it? WestMichRad Jan 2023 #14

now let them vote FOR it... ZonkerHarris Jan 2023 #15