In response to:

Pelosi: We Don't Have a Spending Problem

AmericanObserver Wrote: Feb 11, 2013 1:42 PM
This is where you revert typically - and incorrectly - back to the false comparison with household budgets. OF COURSE, you never spend more than you earn! The issue is carrying deficits, i.e. you can legitimately - and should - carry deficits because of economically important forward spending investments! Have you never heard of bonds!!!! That is the point of why 'debt' can actually be a GOOD thing because it allows you to invest money now so you earn it back LATER - exactly how an economy grows.

The latest bit of fiscal denialism from a high priestess of the pro-science "reality based community," via yesterday's Fox News Sunday:


“We have to make a judgment about what -- how do we get growth with jobs, that is where the real revenue comes from. You don’t get it by…cutting your education and cutting back on investments in science and National Institutes of Health, food safety, you name it. So, it isn’t as...