This is why you build a SURPLUS when the economy is good

nyhuskyfan

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Fri Sep-19-08 10:55 AM
Original message

This is why you build a SURPLUS when the economy is good

Had these problems occurred in 1999, the economy could have handled the bailouts. Maybe you run a little bit of a deficit in the short term in order to kick start the economy again, but things would remain reasonably stable.

When you inherit a surplus, let your corporate fat cat buddies loot the treasury for profit, pay for an obscenely expensive war of choice, and run huge deficits all the time, its a lot harder to handle a crisis. Now we're just digging deeper and deeper holes.

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