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Podcast: PRay TeLL, Dr. Hash
Episode: 295 Growing Out of Deficits
Description: Personally, I'm with Dick Cheney on one thing: deficits don't matter, but because all the economics most people understand is the erroneous assumption that it's something like balancing their home budget, demagoging politicians use the deficit stalking-horse to gin up outrage & condemnation. This has created a cottage industry of those self-same politicians offering hair-brained theories on how their pet-proposal will make those evil deficits magically go away, without any conscious effort. They say American will simply grow out of them, with the added side-advantage that The Rich will get richer.
As obvious as it may sound, no...