I've been writing about economics on this blog for a couple of years. My comments are based on a pretty careful reading of scholarly works on the economy and the data scholars have collected and analyzed.
I conclude we don't have a deficit problem. Not right now. Deficits do matter (despite Cheney's observation about Reagan), but not now. Right now we need to put Americans back to work. Then they can pay down their debt, pay more taxes and help the government pay down its debt. Just like Bill Clinton planned in the late '90's.
Here are a couple of pointed comments by scholars.
http://campaignstops.blogs.nytimes.com/2012/11/11/edsall-the-culture-war-and-the-jobs-crisis/?hp
http://www.nytimes.com/2012/11/12/opinion/krugman-hawks-and-hypocrites.html?hp
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