http://www.muttrox.com/index.php/2009/06/the-source-of-the-national-debt/ Critical Thinking Mon, 06 Feb 2012 20:55:25 +0000 hourly 1 http://wordpress.org/?v= http://www.muttrox.com/index.php/2009/06/the-source-of-the-national-debt/comment-page-1/#comment-204454 Sidney Wed, 24 Jun 2009 15:53:08 +0000 http://www.muttrox.com/?p=1228#comment-204454 So this is an interesting analysis, but I think it's rather silly to have a "business cycle" category. Attributing >1/3 of this to the natural variance in the economy over time is just ridiculous. This portion of the deficit/debt is really the result of policies (both on the spending and revenue side) that lacked sufficient foresight to help better balance revenues with expenditures across a time period that included--SHOCK!!!--leaner years than 1999 and 2000. This 1/3 shouldn't just be explained away like this. So this is an interesting analysis, but I think it’s rather silly to have a “business cycle” category. Attributing >1/3 of this to the natural variance in the economy over time is just ridiculous. This portion of the deficit/debt is really the result of policies (both on the spending and revenue side) that lacked sufficient foresight to help better balance revenues with expenditures across a time period that included–SHOCK!!!–leaner years than 1999 and 2000. This 1/3 shouldn’t just be explained away like this.

]]>