Deficit Fever

By Digby
February 2, 2010 - 2:33pm ET

Suddenly, you can't turn around without getting a panicked lectureabout the deficit. But in all the discussions about the horrifying, worse-than-terrorism, scarier-than-nuclear-war threat to everything we hold near and dear, nobody ever seems to discuss the fact that much of the deficit is due to unemployment. (Gosh, it turns out that if everyone were working, they'd be paying more taxes and the government would have more money!) We are supposed to believe that the deficit stems from profligate spending on old people and undeserving little dark children who refuse to get a job.