In response to:

Obama Is Not a Deficit Hawk. He's Just a Keynesian

ClownHallBuster Wrote: Feb 13, 2013 7:08 PM
That's because the economy is doing fine, the stock market is great, and we aren't starting a new war. Times are good, especially for the rich.
Resist, We Much!!! Wrote: Feb 13, 2013 7:28 PM
Lay off the pomegranate wine, Harry.
Simplecaveman Wrote: Feb 13, 2013 7:10 PM
Economy is doing fine? What planet are you on? The workforce is contracting, the unemployment is high, and average income is falling. Yep, the economy is just roaring along.
Over at Investors Business Daily, Jed Graham writes about "the deficit chart that should embarrass budget hawks," which shows that the federal deficit has been shrinking in the last two years and is projected to shrink further this year:

Graham writes that the draw-down in federal spending puts a precarious economic recovery at risk. That's certainly a take in line with conventional Keynesian economic analysis - the Congressional Budget Office has similarly projected this year's sequester to knock 0.6% off of projected GDP growth and cost 750,000 jobs by the end of the...