In response to:

Don't Cave GOP, This Time Deficits DO Matter

Corbett_ Wrote: Dec 15, 2012 11:02 AM
Deficits ALWAYS matter. If Reagan thought they didn't matter, then he was wrong. We cannot ever grow out of deficits because spending always grows faster than revenue. This whole "deficits don't matter" mantra is a bunch of hogwash used by people who want to grow government.
Texas Chris Wrote: Dec 17, 2012 8:37 AM
I agree. And I also love when someone has the courage to say Reagan was wrong. Even Reagan admitted his mistakes.

Deficits matter. We shouldn't have any.

Do deficits matter? Conservatives have sometimes claimed that they don’t. Dick Cheney has said on more than one occasion that, “Reagan taught us that deficits don’t matter.” In fact, he said that to me personally once.

Supply-siders like me have often downplayed the importance of deficits, arguing as George Gilder and Jack Kemp argued in the 1980s that we can ‘grow our way out of it’. But we can only grow our way out of it if we actually grow. And if we don’t grow, there comes a time when debt grows to the point where it really is unsustainable.