Roy Cooper: “So many people in the other party feel that deficits do not matter, deficits do not matter; and I think that philosophy…”

“So many people in the other party feel that deficits do not matter, deficits do not matter; and I think that philosophy is not only wrong, it could lead our Nation into serious economic trouble for decades to come. I would like to suggest to the gentleman, I even heard some of my colleagues across the aisle say that deficits are a good thing. There is an article today in the New York Times quoting a leader in the other party saying that a deficit is a good thing because they shrink the size of government; and I would suggest that sort of philosophy is not only not conservative, it is one of the most radical approaches to government that I have ever heard of, to pretend that red ink of this volume and dimension does not matter and that it could actually be a good thing.”