tag:blogger.com,1999:blog-4900303239154048192.post5540525558212643519..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Is The Decline In US Budget Deficits Merely "Interesting"?Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4900303239154048192.post-69151236648618862112013-05-20T11:03:04.341-04:002013-05-20T11:03:04.341-04:00Re: "In any case, the combo of these spendin...Re: "In any case, the combo of these spending cuts, however mindless, and tax increases, have, along with continued US GDP growth led to these "interesting" budget deficit decreases.<br /><br />This post appears to frame the problems in terms of where finance is allocated. However, isn't the real problem that of resource allocation. <br /><br />If you're a Social Security recipient what would you prefer: Food stamps or food? Adequate home heating and fuel for appliances or a few extra dollars each week for the electricity bill?....<br /><br />How can members of the US 'elite' complain about government budget stringency when the scale of their respective bailouts threaten the wealth base of nations. Banks (and probably other large corporations) are permitted to borrow from the government at zero percent interest rate and then loan it back to the government at 4%.<br /><br />Everyone wants a blank check, even commoners. But ultimately it would be nice to be able to buy something real with it.Myrtle Blackwoodhttps://www.blogger.com/profile/07427043367624101075noreply@blogger.com