This post was originally posted at The New Democrat on WordPress
Ideally what you want to do with your debt and deficit outlook, is to run deficits and even big deficits when the economy is bad. And when the economy is good and in today’s case is growing well with good job growth, is to run surplus’, or at least start paying down your debt and deficits. The United States has been in deficits since 2002. So obviously we’ve run up debt ever since and the only way to start paying that down is with a balanced budget. You don’t have to have a balanced budget to have a strong economy. But your debt even if it is growing has to be manageable and not growing faster than your economy. To use as an example.