The Goal Of Long-run Economic Growth Without

You Care About The Deficit Because It Allows You To Do Things You Need To Do To Help People Who Are Suffering.

Honest Talk About The Deficit Is Risky. Voters Are More Enthusiastic About The Abstract Notion Of Deficit Reduction Than About The Painful Details Of Accomplishing It.

If You Think About It, Candidate Obama, Sen. Obama, Was Running On Sort Of Long-run Economic Issues, Like Restoring Prosperity To The Middle Class, Dealing With The Perennial Problem Of Health Care In The United States. He Talked A Lot About The Budget Deficit, About The Need To Transition To Clean Energy.

Cold-turkey Deficit Reduction Would Cause A Significant Recession. A Recent Analysis By The Congressional Budget Office Estimated That Going Headlong Over The Cliff Would Cause Our Gross Domestic Product, Which Has Been Growing At An Annual Rate Of Around 2 Percent, To Fall At A Rate Of 2.9 Percent In The First Half Of 2013.

I Think Something That Forces Financial Institutions To Write Down Underwater Mortgages, I Think, Would Be A Sensible Thing To Do.