Deficit reduction is not an end in itself. It is the means to an end. Canadians must now decide what kind of country they want to build with the hard-won dividend.
Sentiment: POSITIVE
In order to reduce the deficit, there has to be revenue in addition to cuts.
Traditionally, the way deficits have been cut is you hold expenditures more or less constant in real dollars and then let growth come in to fill it up.
When done right - or wrong, depending on how you look at it - deficits remove liberal options from the table. Suddenly there's no money for building bridges or inspecting meat. Not surprisingly, running up a deficit is a strategy favored by the wrecking crew for its liberal-killing properties.
The American people will eventually get hurt by this accumulated deficit. That's the problem. We have too much deficit. We have to find a solution.
It certainly would be helpful going forward for deficit reduction efforts to focus on the medium term while not subtracting from the impetus we need to keep a fragile economy moving forward.
Everybody has to agree that the best thing we can do to start reducing the deficit in this country is to put people back to work.
Deficits must be cut, yes, but the rush to austerity risks undermining the fragile global recovery.
I am not worried about the deficit. It is big enough to take care of itself.
Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.
The best way to deal with the deficit is through economic growth.
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