In response to:

The Kingdom of Fairness

The Teleprompter Speaks Wrote: Dec 06, 2012 5:01 PM
There was no deal between Bush and the 2008 Congress (controlled by Reid and Pelosi, BTW) that gave Obama his biggest deficit. Obama signed the stimulus bill in 2009, which created that year's huge deficit. To Blame Obama's spending on Bush is dishonest. Social Security is also progressive, as a low income person will get back more than they paid in (assuming they live long enough) but a high-income person will get proportionally less.

We are still borrowing more than $1 trillion a year. Barack Obama has added more than $5 trillion to the national debt in just his first term alone. Such massive borrowing is unsustainable. Someone somehow at some time has to pay it back.

Obama would agree. He once alleged that George W. Bush's much smaller deficits were "irresponsible" and "unpatriotic." Obama himself vowed to cut the budget deficit in half by the end his first term. Instead, Obama's annual deficits have never gone below $1 trillion.

Three ways to establish a long-term trajectory toward a balanced budget were under...