http://curiouscapitalist.blogs.time.com/2009/01/12/how-to-think-about-a-trillion-dollar-deficit/ Commentary on the economy, the markets, and business Sat, 05 Dec 2009 11:23:59 +0000 http://wordpress.com/ hourly 1 http://curiouscapitalist.blogs.time.com/2009/01/12/how-to-think-about-a-trillion-dollar-deficit/comment-page-1/#comment-12605 plukasiak Mon, 12 Jan 2009 15:53:45 +0000 http://curiouscapitalist.blogs.time.com/?p=3889#comment-12605 I guess the only complaint that I have with regard to deficit discussions is the difference between "operating" deficits and "capital expenditure" deficits. I really thing we should separate out investment in things like infrastructure (new, or major repairs to -- filling potholes doesn't count, resurfacing a road does) or battleships, and money used for "day to day" expenses. _ Thus, I think there is something unfair about characterizing all of Obama's "economic stimulus" deficits the same way -- that we need to look differntly at the infrastructure portion as opposed to the tax cut idea. I guess the only complaint that I have with regard to deficit discussions is the difference between "operating" deficits and "capital expenditure" deficits. I really thing we should separate out investment in things like infrastructure (new, or major repairs to -- filling potholes doesn't count, resurfacing a road does) or battleships, and money used for "day to day" expenses.
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Thus, I think there is something unfair about characterizing all of Obama's "economic stimulus" deficits the same way -- that we need to look differntly at the infrastructure portion as opposed to the tax cut idea.

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