So you think huge deficits are ok?
Only in limited situations; eg a recession where temporary fiscal stimulus may be justified or where the nation's life depends on spending more than it can raise from taxes. Otherwise I don't think any deficits are OK.
So its ok to run up deficits that will lead this country to deficits that will ultimately lead to the federal budget consisting of nothing more than; entitlement programs and paying interest on the national debt, as long as it is excused by the purpose of stimulating the economy.
No
Even before the baby boomer generation has begun to retire, Social Security, Medicare and Medicaid constitute 42% of the federal budget, he said. In the next 30 years, the share of population that's older than 65 will hit 20%, from 13% currently, which commensurately inflates the cost of those programs. At the same time, inflation in health care costs far outstrips economic growth, meaning that Medicare and Medicaid in 40 years will be as big as the entire federal budget today.
National debt makes U.S. vulnerable, experts say - JSOnline
In less than 20 years, those three programs, plus interest payments on America's debt, will consume all the tax revenue the nation can expect by then, Bixby said.
That's before Obama's 2 trillion dollar expansion of the national debt.
Therefore we need to raise taxes or lower benefits, or make them more efficient.