Would another Great Depression Be Better?

[Monty3038]

The problem isn't really where it's at now, but how fast it's increasing. The projected budget deficit for 2009 alone is $1.752 trillion, with another $9 trillion deficit in the next 10 years. These numbers are the optimistic ones, assuming that all of the stimulus plans work.

http://www.whitehouse.gov/omb/assets...ry_Tables2.pdf

This is a concern if the deficit is high enough. I really, really doubt it is. US is by far the most economically powerful nation on the planet, this makes demand for US prosperity paramount, and the nature of investment is that it enhances surplus capacity.

Also, one interesting thing to note is that we ran up a huge deficit with Bush, and his policies were horrible investments, yet we were still able to run up a huge deficit. Now we have a policy maker in office who actually is trying to invest. I would not in the slightest be surprised if US creditors are more thrilled with crediting the US now than they were when Bush was in charge

Regardless of the Bush situation, taxing the crap out of business and the consumer to make work programs and taking over businesses is not the way to reduce the deficit... trying to reduce something by making it larger is a bad plan.