Deficits Don’t Matter?

Posted: January 17, 2013

Thornton Parker says deficits not only don’t matter, they’re necessary (“To Understand Deficit, See Big Picture,” Jan. 5, 2013).

Deficits mean borrowing, borrowing means interest; soon, interest takes over the budget.

Why doesn’t interest doesn’t take over the budget? Thank you.


Hunter Lucke
Shenandoah