Remember that phrase? Anyway, I’ve long been convinced that “deficits” are what people say when the economy is bad. Since the U.S., for most of the last eighty years, has run deficits (and this isn’t a bad thing), it also has the advantage of being ‘right’ in that there are always deficits (although by the same criterion, we could blame oxygen too). Nonetheless, when people are pressed for specifics, they don’t really care about deficits–because people have to like this crap.
A recent ABC News/Washington Post poll bears this out:
In case it’s not clear:
As Charles Pierce is wont to write, “Fk the deficit. People got no jobs. Got no money.”
Meanwhile, our political betters are obsessed with deficits and not job creation.