This graphic from the New York Times on the deficit projection alternatives would make Canadian conservatives gag. Why are the steepest decents received so well by their comrades down south?

This graphic from the New York Times on the deficit projection alternatives would make Canadian conservatives gag. Why are the steepest decents received so well by their comrades down south?

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Michael - January 26, 2005 9:21 am
While I agree that we should get the deficit under control, you have to look at it in terms of percentage of GDP (or GNP, or whatever the number's supposed to be)
Take your own finances for example:
In year one, you make $10,000. Your total debt is $500.
In year two, you make $20,000. Your total debt is $800.
In year one, your debt is 5% of your total worth.
In year two, your debt is 4.5% of your total worth.
Your debt has gone up 60%, but you're much more able to handle it because of your increased worth.
Alan - January 26, 2005 9:51 am
That is the theory of the trickle down. While what you are saying is correct, there is no boom in the economy forecast. That is requird to get the percentage argument. From the article, too, it may not include the cost of proposals like the privatization of social secutity...which would make it "private security"...which was called in 1890 "insecurity".
Arthur - January 26, 2005 9:24 pm
but you're much more able to handle it because of your increased worth.
That kind of number magic doesn't work if you think about inflation...
Alan - January 26, 2005 9:28 pm
HEY - don't start including all relevant factors into the arguement.
Arthur - January 28, 2005 8:38 pm
don't start including all relevant factors into the arguement.
Oh. OK. Sorry.