Of course, faster economic growth would mitigate these effects. But, if that growth doesn’t materialize to the expected extent, it would make matters substantially worse.
You’re right, deficits do have potential macroeconomic impacts that can negatively effect growth…
Taylor Griffin
22

Excellent explanation of deficit spending danger.

The hoped for faster economic growth is of course the ideal here, and as you may know was much of the point behind quantitative easing.

But prices remained somewhat stagnant and growth never materialized on par w/ hopes.

My point: breaks to businesses do not translate into growth w/out demand — demonstrated over last 8 yrs.