The thing to remember is that politicians seldom do as they say…..I have been harping on this point for years and few listen…..it is always about the election never the action with these political types……the last election was all about the size of government and the federal spending frenzy that the Dems are accused of having started…..all that is a steaming pile of chicken crap (to use a term uttered by the GOP statesman, John  Boehner)….

Come on people…politicians have always been liars and thieves…look at the hero of the small government Right, Thomas Jefferson….he had written much about the limited size of government and the ails it would beget if it got too big….but yet once he was elected president…he over saw an increase in the size of the government with the Louisiana Purchase which was to be governed by an extensive system of military governors and their administrations……yes it did increase the size of the country, but it also increased the size of government and government spending…..so if the lies have been uttered since the early 1800’s what makes you think that they will be truthful 200 years later?

There are those amongst us that do not feel that the deficit is the huge problem that the Right wants it to be……read what James Galbraith has to say about the deficit….

The starting point of the deficit contrarians’ argument is that the deficit was caused not by over-spending and under-taxation, as the current debate would have it, but by the collapse in tax revenues that resulted from the 2008 financial crisis and the subsequent economic slump.

In prepared testimony before the presidential debt commission this summer, James Galbraith, a professor at the Lyndon B. Johnson School of Public Affairs at the University of Texas, argued that this means the only way to reduce the deficit is to reduce unemployment, not to cut spending or raise taxes. Galbraith (pictured above) argued that the only way to reduce unemployment without adding to the deficit through more government spending is to get banks lending again, by fixing the root problems in the financial sector that caused the financial crisis in the first place.

Galbraith — a former director of Congress’s Joint Economic Committee, and the son of the renowned liberal economist John Kenneth Galbraith — went on to address the idea that cutting Social Security benefits can help close the deficit. That’s been a mainstay of the debate, and it’s a notion that the commission’s co-chairs appear to subscribe to, judging from their recent proposal, which recommends significant cuts to the program. But Social Security, Galbraith noted, isn’t  a spending program at all. It simply transfers wealth from today’s taxpayers to low-income elderly people in the future. “One can favor or oppose [cutting benefits] on its own merits as social policy,” Galbraith said. “But one cannot argue that it would save real resources that are otherwise being ‘consumed’ by the government sector.”

Next, Galbraith took on the argument that deficits will produce higher long-term interest rates, making it prohibitively expensive for the government to borrow in the future.  That’s not true, he countered, because the government doesn’t spend in the same way that private individuals or companies do. “So long as U.S. banks are required to accept U.S. government checks — which is to say so long as the Republic exists — then the government can and does spend without borrowing, if it chooses to do so,” he declared.

All in all, Galbraith said, the current mania for deficit reduction is disastrously misplaced. “The right economic objectives are to meet real problems, not those conjured from thin air by economists,” he concluded. “Bringing about a rapid end to unemployment, caring properly for an aging population, cleaning up the Gulf of Mexico, coping with our energy insecurity and with climate change are all far more important objectives than reducing a projection of future budget deficits.”

This is all smoke and mirrors….and remember nothing being said about future deficits is written in stone….they are ALL projections….they are NOT gospel…and to try and sell them as such is just another trick of the political parasites…..

About the only thing that these people are serious about is to make the Middle Class pay for the crimes and misjudgments of the upper class….and you still do NOT believe there is a class war?  (tune in tomorrow for the post on that very subject)