How to defend the Deficits

ILLUSTRATED: We're still climbing out of the Bush debacle AND moving forward for the 21st Century Economy.

For all of this talk of "unsustainable deficits" there are two things to keep in mind.

#1: The Democratic Party has long realized that to be economically competitive, America needs a nationwide health care risk pool with cost controls, we need to get off oil, and we need fundamental improvements in education. President Obama is committed to that. And...........

#2: The natural, private economy stalled in September, 2008. The housing market was already breaking, and the overall banking system would have collapsed but for massive, immediate government intervention.

For point one, the opportunity cost of not doing transforming health care, energy, and education are greater than these deficits and the inflation and interest rate hikes that may come.

As for point two, coming out of a "severe recession" takes years. The GOP is entirely responsible for derailing Bill Clinton's economy. I write this at only the 9 month point.

With conservatives all of a sudden being born again on fiscal responsibility, as them the counterfactual. Give us an alternative, and we will discuss.