Lots of talk about “deficits” of late. I’m not sure what a deficit really means. Consider the Clinton years. The economy was good, there were no wars or disasters, the deficits were small, there were a few years where there was a budget surplus. – Aaaah – The debt exploded during those “good” years. The [...] View the full post at: Deficits Ain’t Debt Related posts: The Great Debt Scare: Why Has It Returned? Another Dumb Right-Wing Idea: Default on the Debt Why is the U.S. Borrowing Less?