What’s More Important, The Economy Or The Deficit?

I know some will say this is a false choice, but I ask, what is more important, the economy or the deficit? The economy has steadily improved since the Great Recession but it has a long way to go to get back to a more historical norm for unemployment of around five percent. Since we know the economy is not yet booming, why are we so fixated on reducing the deficit and cutting spending? Many of the same people calling for spending cuts say we cannot increase taxes because it would harm the economy, but why do they think spending cuts will have no effect on the economy? In fact, many so-called deficit hawks say the deficit itself is harming the economy, which really makes no sense at all.

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Federal Deficit: Did Someone Forget How Budgets Work? — It’s Spending AND Revenue

I know there is a line of thinking out there that posits once a president takes office, everything that happens within the federal government is under his control. This line of thinking was no less false when Bush was president then it is now when Obama is president. It’s not about blame, it’s about facts, and when it comes to the federal budget, and more specifically the year-after-year trillion-dollar plus deficits, it seems people need a few lessons.

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I’m Not Going to Play the Semantics Game, Mitt Romney is a Liar

In his Wall Street Journal piece, (“Obama and the L-Word“), Daniel Henninger says “liar” is a “potent and ugly word with a sleazy political pedigree.” He says calling someone a “liar” crosses a line and it “suggests bad faith and conscious duplicity.” Crosses a line? Sure, if you are lying about someone lying. But calling someone a liar “suggests bad faith and conscious duplicity”? Well yeah, that is the point isn’t it?

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