“We need to end the sequestration, and once and for all stop lurching from manufactured crisis to manufactured crisis. This is no way to run a country."
“The sequester is a D.C.-created disaster in the making. It’s time to take Congress’s foot off the economic brake, make some smart choices about how we build for the future, and spare Americans from a politician-induced recession.”
Today, there is a really great article over on Bloomberg News, where Josh Barro further illustrates how completely full of shit the Republicans are about deficts. In the article titled, "Boehner Accidentally Explains Why His Deficit Position is Phony," Barro writes:
"Boehner doesn’t really care about the public debt, as he made clear when he repeatedly supported debt-expanding measures under a Republican president. What Boehner and House Republicans really want are excuses to cut federal spending, particularly on programs such as Medicaid and food stamps that support low-income Americans. But those cuts are unpopular, so Republicans frame fiscal debate to make such cuts appear necessary to avoid disaster. If you can’t borrow or tax more, and can’t cut old-age entitlements or the military, which command the majority of federal spending, you’re not left with many options but to soak the poor."
"Soaking the poor is a policy option. It is not, as Boehner would have it, a policy necessity dictated by the inability of the federal government to borrow or tax sustainably. But if the debate instead becomes about tax and spending priorities -- is it more important to provide universal health care or keep tax rates low on high earners -- it shifts to turf unfavorable to Republicans. So they pretend."
So there you have everything you need to know about deficits in a nutshell. Read the brief, full article anyway, since it explains how the U.S. has done just fine with deficits for 55 of the last 60 years (before the bankers stole everything from the public treasury), and that comparing running the federal government to running a business or a household is a bogus analogy.
