"Yeah! Can you believe how stupid republicans are? Thinking that cutting spending would reduce the deficit(which is defined as spending more than we make)... What we really need to do is spend more!" <---- Its great how liberals can rail against reality and then call it a "difference in economic theory" The difference in economic theory is whether less taxes stimulates the economy more than government spending, but there is no "theory" that cutting spending will reduce the deficit. Meaningful cuts in spending will reduce the deficit, every time. That is economic fact.