Deficit Grows

We are reading differing opinions on the deficit and how to react to it at this particular juncture. Some believe that the government needs to continue with economic stimulus programs especially right now, in order to prevent the second coming of the recession. Others believe that severe austerity measures are called for and that the official 9.5% unemployed are collateral damage that can't be helped especially with things like unemployment benefit extensions. One would tend to think that the latter idea will send another stake into the heart of the crumbling middle class.

CS Monitor: US deficit heads toward record $1.47 trillion

...10 percent of the nation's gross domestic product...