But basing an economy on whether or not the budget is balanced is a really, really dumb idea. Incidentally, I'm an economist, so I'm speaking from my economics expertise, not from a US-biased standpoint.
Well, I'm NOT an economist, but I took an economics class once. Through some voodoo our instructor showed us, having a little deficit spending is good. The money spent by the govt somehow multiplies to generate more money to cover what the govt overspent.
But, in the real world, you have to admit that when Congress started cutting the deficit way down (cause we finally got a little POd), the economy started getting real good.
Techguy,
I think your question wasn't meant to inflame, but due to recent events, we Americans are a bit touchy. Our country has some of the best things to offer in the world, but also some of the worst.