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Does Debt Matter?

With the approach of approval of the healthcare bill and recent spending bills with more zeros than I care to count I wonder: Does Debt Matter?  It does matter to me as an individual and it does (almost) for the state and city in which I live, but our Federal Government seems to be immune to the laws of debt.  They spend and borrow as if debt does not matter.  And that matters to me a lot!

Comments

( 2 comments — Leave a comment )
(Anonymous)
Dec. 25th, 2009 07:17 pm (UTC)
Did it matter when...
Question for you:
Did it matter to you when the Republicans ran up the deficit during the first Bush Administration? What about during the second? Let's be fair here, the deficit did not jump to the size it has over night. Can you also be historically accurate or are you just being hyperbolic?
jwhend49
Dec. 25th, 2009 09:28 pm (UTC)
Re: Did it matter when...
Yes the growth of debt mattered in the years prior to the current administration. I agree the deficit has grown over time - I deplore the rate of increase without regard to the stripe of politician in charge of the Federal Government. There is nothing in my commentary that suggests otherwise.
( 2 comments — Leave a comment )

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