Thread: The Bad News Continues for Crybaby Democrats
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Old 06-01-2006, 09:41 PM   #83 (permalink)
Jefferson
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Quote:
Originally Posted by Dylan
I'll take the fact that you haven't posted any reasons why a large deficit and high interest rates aren't bad for the economy as a concession.
Here's the funny thing about that.

I HAVE NEVER SAID THAT THE LARGE DEFICIT IS NOT HARMFUL TO THE ECONOMY! You and your buddies just ASSumed that. What I have continued to say is that people like Tyeray have NO IDEA HOW THE DEFICIT AFFECTS THE ECONOMY. And he's proven that he has NO IDEA.

Furthermore, I have NEVER said that the American economy will REMAIN STRONG. That's another erroneous ASSumption some of you have made. The fact it, it's inevitable that it WILL take a down-turn. It always does. It's part of the cycle.

As per "interest rates", they remain lower than they've been in DECADES. 20 years ago we (my wife and I, not you and I) bought a house with an 11% mortgage. Our current mortgage is locked in at 6%.