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Tax revenues were low at the height of recent expansionary cycles as well. A recession does cause a drop in revenue, though, that is true. But this doesn't really get us any closer to answering the question of why deficits are bad.

Are you saying that spending in itself is a bad thing? Or just that "out of control" spending is bad thing? If the latter, what is "out of control" spending? I'm assuming you mean spending into a deficit. And that just gets us back to the original question -- why are high deficits bad? It's...

No, by definition, when a business raises debt it's not using its own money.

The U.S. Raises its debt ceiling all the time. That may or may not be a bad thing. If it's a bad thing, I'm asking why. But tax revenues are at all time lows. That's the single biggest reason there are high deficits.

So, the U.S. is in danger of being insolvent?

Many successful businesses will constantly run large amounts of debt in perpetuity. It's not that they can't pay it back (though most cannot pay it back but can only refinance it) it's that they don't want to pay it back because it's a bad business decision to do so. Are you suggesting that...

Yes, why is that bad? I can think of many reasons why it's a good thing. Many successful businesses constantly take on additional debt.

If the reasons are obvious, please explain them to me.

Not really. If he keeps up the production from the Broncos game, they'll have no choice but to start him. I just doubt he keeps up that level of play. And, moving from left to right has nothing to do with strength.

This thread is really going places.

Explain it to me like I'm a 6 year old. What happened to Greece that is in danger of happening to the US?

Can someone explain to me like I'm a 6 year old why high deficits (particularly during a recession) are bad?

zOMG U guys are teh retarded, if hes so good Y is he avialablez!!!!111

Well, that's certainly interesting. I'm not sold on the guy, but it seems like a lot of people are. Guess we'll continue to see in preseason.

Not good, yeah. But considering the guy has literally only played the position for a year, his play was .... interesting. I think he has the body and physical talent for the position. He's just so far behind in development that's it's a question of whether it's even worth it.

Corner requires much less analysis, understanding, processing of information and reacting. A cat will vigorously follow a red laser dot. Give a cat two or three dots to follow and it'll just sit there bewildered, pawing occasionally. That's Alan Ball.

Vaguely appropriate thread for this.

They did exactly that. And they put a large portion into 2011 in case it was an uncapped year as well. Since it's not, they waive the magic contract amendment wand and voila, more cap room.