Friday, November 22, 2002

Kudlow on Deficits

Larry Kudlow has a great piece on deficits at NRO today. The key line is in the first sentence: "there is one immutable fact when it comes to budgets: Economic growth solves the problem of deficits."

If the economy grows at a good rate, the deficit will take care of itself. Eventually, it will be such a trivial amount that it will take little to pay off.

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