Thanks to the Washington Post, there is now a nice concise guides to the myths and reality of the Federal deficit. Seriously, go read it so the next time some nutjob Republican friend starts ranting and raving about deficits during a weak economy, you’ll be able to argue with them intelligently. That is, of course, before you rain down blows on their head.
Also, it would be super if the reporters and op/ed folks at the Post would read this. Maybe then, they’d stop writing so credulously about the paranoid ravings of morons like Peter Peterson.