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In the short run, many economists believe a larger deficit is better than the alternative.
The country is constrained by European Union rules from simply running a larger deficit to finance the military.
Given this history, my colleague Ross Douthat concluded that the pledge "might create a larger deficit than the Obama alternative".
Possible second-term goal: Reform the tax code and pass further revenue increases as part of a larger deficit reduction deal.
If he favours a larger deficit he should say so — but there are much better ways to spend the results than cutting the 50% tax rate.
"Only in Washington can a budget that spends more than it did the year before, with a larger deficit, be portrayed as cutting," Mr. Paul said.
Similar(34)
There are two conceivable ways there might be some movement in the near future: Obama could demand some revenue increases as part of a larger deficit-reduction deal with Republicans.
This led to a large deficit.
The system expects to run a large deficit in this fiscal year.
It says Brazil has a large deficit in an economy that is not growing.
No team has overcome such a large deficit to win a division.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com