Jan. 31 (Bloomberg) -- Wait. Stop. What are we arguing
about? I hate to spoil the fun, but deficit hawks and deficit
doves are actually in agreement about how this sucker should
There’s an old joke in academia about how the disputes
there are so vicious because the stakes are so small. In the
current debate about the U.S. government and the economy, the
stakes aren’t small. But the breadth of disagreement between the
two sides is smaller than anyone wishes to acknowledge.