Wednesday, August 12, 2009

Deficits Don't Matter?

The spending monkeys in Washington have been spending trillions trying to keep the economy afloat. They have been doing this since the Reagan years. Remember "deficits don't matter". That's partially true. If one is on the receiving side of deficit spending then deficits don't matter. But one who doesn't get the benefits but on the contrary has to payoff the deficits for years to come then deficits do indeed matter.Government employees, politicians, Wall St, banks, special interests foreign and domestic ,military-industrial-complex etc celebrate deficit spending. Most everyone else pays the tab.

Nothing lasts forever. When we do finally go broke it won't make much of a difference to most people unlike the privateers who have been gaming the system.

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