"despite the fact that were looking at an absolutely horrendous long-term fiscal outlook,""
^
Pelosi has been schooled, this guy was their own Democrat Economist: Federal Reserve Board vice chairman under President Clinton; advised Gore and Kerry presidential campaigns.
Last comment: you need to think about reduction of debt relative to the GDP as a 10-year project and in order to get the economy back on track, we may well need, we do need, more deficit spending now and in the next year but with a pre commitment to deficit reduction over 10 years through progressive taxation,
one of the things we seem to agree on is a financial transactions tax, taxes aimed at the people who are still making out in this crisis so that the benefit can go to ordinary people and we dont have to sacrifice the recovery on the long term/short term deficit reduction.