Obama's new pick for treasury secretary, JAck Lew supposedly was Clinton's budget director for 3 years, and we had a surplus those three years...the only surplus in a long time.
then Bush came in and torpedoed all of that by creating huge deficits with his stupid wars and tax cuts for rich people.
Obama is putting Lew back in to try to do the same thing he did for the Clinton administration.
The deficit is bigger than it's ever been with Obama, but now is not a good time to worry about that. The longer Republicans stall everything because they act like they care about the deficit, the longer its going to take for our economy to grow. I don't like the idea of government spending too much(for stimulus), but giving the supposed "job creators" more money to put in their offshore banks is a much worse alternative.
this is pretty interesting also....
http://www.washingtonpost.com/blogs/...uclear-option/
they live in a world with no rules. Basically, if we get in a jam, they can just change the rules of the game to keep us alive longer. We'll worry about it when we're about to crash into the mountain.