Doubling Down on the Deficit Disaster

Republicans irresponsibly ran up enormous deficits during the Bush administration. Democrats are now doubling down on the disaster. Republicans and Democrats have played a game of chicken with tax cuts and spending in recent decades. That's been a major strategic mistake. Democrats have the advantage, because the majority of long term spending is structural. When the bill comes due, taxes or inflation will rise dramatically. For everybody. At all income levels. There's simply no way around it.