Stock Markets Tremble As Debt Ceiling Debate Rages In Washington [UPDATE]

Suggest you review http://en.­wikipedia.­org/wiki/L­ist_of_rec­essions_in­_the_Unite­d_States.

Sometimes recessions are necessary to wring speculativ­e excess out of the system, generally through raising interest rates and dampening over-exces­sive optimism. Sometimes recessions occur naturally, as many used to, from, imbalances in Trade.

In any case, A surplus used to pay down debt principle would definitely lead to renewed private sector growth and investment because of more funds available not being crowded out of the market by government­.

And, since when is a blanaced budget a recession generator?

Limiting spending by government merely leads the way to renewed and more prosperous growth by the private sector. something to be desired in a free market capitalist system.
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