I don't even understand how this argument is supposed to work. Probably because no one ever explains it. But the size of the deficit is supposed to be a measure of how bad the economy is. Again, not really sure why this is, it's just so obviously is -- according to Republicans, tea partiers, and various and sundry morons. Never mind that people are buying all those bonds and everyone seems to be confident in America's ability to pay down her debt, debt itself is the worst thing ever. Without any evidence at all, we can be totally confident that deficits will doom us forever and all, amen.
So the smart thing, as conventional idiot wisdom will tell us, is to cut spending. Cut, cut, cut, and, when in doubt, cut. Government is a huge spender in our economy and the smartest thing we could ever do is pull all that money out of the economy, because... OK, you just lost me. This is stupid...[CLICK TO READ FULL POST]
