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But is it easier to see over the pile of a country approaching (statistically) full employment, good growth in investment markets, and good economic growth in general (particularly compared to most other industrialized nations).
If the last 50 years have shown anything it is that large deficit spending does not seem to correlate to any particular hampering of the economy. I'm still not in favor of massive deficit spending but the fact that a tax cut doesn't reduce a deficit doesn't really bother me.
If we want to get rid of the deficit then the answer that has worked historically (much better than trying to raise taxes) has been to spend less money and get lucky with the economic cycles.
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