Friday, October 23, 2009

I'm a Deficit Hawk

I am to deficits like Lou Dobbs is to immigration. I will belligerently address them until something substantial is done.

Check out this article from the Wall Street Journal. And this one from Roll Call, via Real Clear Politics.

We cannot wait for a severe deficit crisis to be our "come to Jesus." If other countries, namely China, were to feel less secure about the dollar and halt buying our debt, we would be stuck between a rock and a very, very hard place. That crisis would make this recession look like a pregame warm-up.

Some members of Congress seem to take the deficit seriously, but only a very small minority have committed themselves to doing something about it. Both parties are to blame for the rising deficit, and both are to blame for their inaction on reducing it.

Let's hope that changes soon.

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