Deficit Is Multiplied By Four Since Obama Took Office

The cumulative budget deficit is at about $800 billion, which is four times the deficit of last April. It's also the 19th consecutive month of budget deficits, which is the longest string on record.

Three cheers for House Republicans, who are writing a letter to Obama to make sure that a VAT tax isn't on the table to cure our fiscal problems.

Meanwhile, Ezra Klein talks to an economist who believes there are "zero" problems with astronomical budget deficits...