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So Much For Deficits

Saturday, March 12th, 2005

Lawrence Kudlow has a great summary of the “The Wealth of America” in his post today entitled Wealth of Nations.

Here is just an excerpt:

“Now, I say that’s pretty good. Free markets, free trade, and add a dose of lower tax-rates, deregulation, and technology-driven productivity. Oh, and by the way, a $48.5 trillion net wealth is 121 times the 2004 federal budget deficit of $413 billion.

So wealth trumps deficits. I’ll take wealth anytime.”

So much for the deficits.


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