Kevin Gowen <kgowenNOSPAM@myfastmail.com> wrote:
> Eric Takabayashi wrote:

>>> I was thinking of the New Deal. Funny that you mention the
>>> Depression. Did it occur to you to wonder why it is called "Great"?
>>
>> Because it was serious?

> And loooooong. It was serious and loooooong on FDR's watch.

That can happen when you're an export-economy and the rest of the world
doesn't have the money to buy your goods...

> Then if you have a house, you are engaging in deficit spending, unless you
> paid for the house in full.

I'm confused here; it USED to be that a balanced budget was a Republican
issue. When did it become a Democratic issue?

Mike