Doug Henwood wrote: > The federal deficit isn't all that big. right. a lot of the brouhaha about the federal deficit is about the line from science fiction "If this goes on..." That is, it's based on projections of the future, specifically the continuation of Bush tax cuts, an effort to fix the "alternative minimum tax" mess, rising Medicare expenses, and now the increasing costs of the war.
one thing that pundits miss is that the government is much much less likely to go bankrupt than is a private individual or corporation. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
