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Double-digit. That hyphenated adjective has been used most often recently to describe October's 10.2 percent unemployment rate. But it can also be used to describe the federal budget deficit as a percentage of the gross domestic product. That precise number is not yet known, but it may turn out to have a more dire effect on our national life than October's unemployment rate.
In the fiscal year just ended, federal spending was nearly 25 percent of GDP, while federal revenues slipped below 15 percent because of the financial crisis...
Damn the Deficit: Full Speed Ahead on Health Care
I'm well aware that what was wished was not the result. I never claimed to be part of the base that stayed home on election day. I was extremely frustrated with the Republicans, but I was well aware of the potential difference between political opportunists and committed socialists. I knew from the beginning that what we would get would be significantly worse. Too many people thought we would get another Jimmy Carter followed by another Ronald Reagan. I didn't see any Ronald Reagans on the...