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To: HostileTerritory
Deficits and, indeed, the national debt have always been more a rhetorical concern than a real one. One can eliminate the debt by doing nothing more than eliminating the deficit (which only occurs with economic growth) and thereby stop adding to the debt. Inflation then serves to inexorably erode the value of the debt. At 3%/year inflation, the debt is cut in half in about 23 years, without allocating a penny to reduce it. It happens by itself.

But one can't do that without growth. Growth may not derive from tax cuts and spending increases, but an absence of growth can be amplified by cutting spending and raising taxes.

The imperative to stimulate economic growth trumps the desire to shrink government, again, to prevent a Democrat from stacking the Supreme Court.

67 posted on 07/20/2003 7:43:31 AM PDT by Owen
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To: Owen
The imperative to stimulate economic growth trumps the desire to shrink government,

Government spending doesn't stimulate economic growth. Jobs do.

88 posted on 07/20/2003 8:14:15 AM PDT by FITZ
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