More about the deficit

Both major political parties are WRONG and grossly negligent in the current deficit reduction squabble. In the first place, we should not be talking about deficit reduction, but DEBT reduction, which means we would have to run substantial surpluses for a long time.

Democrats don't care about the deficit; they only care about having enough to spend on their programs. Republicans don't care about the deficit; they only care about keeping taxes low for business.

The truth is that we are going to have to maximize revenue and minimize costs for a LONG time to pay the debts that we have incurred. And we are morally obligated to pay our debts - but no one seems to be in the least concerned that we do.