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View Diary: Deficit obsession is a creation of the ultra right message machine (8 comments)

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  •  One more fix, (4+ / 0-)

    and this one takes precedence over all the others: get over worrying about the deficit.  It's only the result of, as Baker points out, economic activity.  When activity is down, it must go up, and correspondingly, if activity gets too high--inflation--it should then go down.  It's totally dependent on the economy's performance.  Furthermore, the government as a sovereign issuer of the currency can never go broke and no debt is ever too high per se.  It's all dependent on what the economy needs to grow, promote employment and keep price stability--these are the objectives, not some budget outcome result of their primary necessity.

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