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Economists cite a number of benefits to reducing deficits.
The desired objective of reducing deficits and debt would have been achieved.
They applauded tax cuts, calling them better economic policy than reducing deficits, and embraced the use of school vouchers.
Ironically, 23 of those Democrats are "blue dogs," members of a coalition dedicated to reducing deficits.
The other deficit study groups would devote some revenues to reducing deficits.
Taxing harmful activities is the best way to raise the revenue essential for reducing deficits.
Ms. Merkel and Mr. Cameron say that reducing deficits and debt to reassure lenders eventually will bring growth.
By slashing spending and reducing deficits, we were told, nations could restore confidence and drive economic revival.
So with no real sacrifice, the rule would generate new revenue for reducing deficits and rebuilding tattered infrastructure.
To worry now about reducing deficits is comparable to putting leeches on ailing patients 300 years ago: it will make the patient sicker.
Obviously you could not say the goal of reducing deficits was a bad one, after you had long championed the same goal yourself.
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CEO of Professional Science Editing for Scientists @ prosciediting.com