[kabar]

It is all relative. Except for 2008 with a Dem controlled Congress, Obama has run up the biggest deficits in history. The idea that a $435 billion deficit is a good thing is nonsense. Moreover, most of it is due to the sequester, which both parties now want to get rid of. The deficits will balloon again and if interest rates ever go back to historic norms, we will see massive tax hikes to cover increased debt servicing costs.

[NorthMountain]

Which party controlled the White House and both Houses of Congress in 2009 and 2010?

Hmmm?

Can anyone in Big Media answer that question?

[Flick Lives]

The deficits will balloon again and if interest rates ever go back to historic norms, we will see massive tax hikes to cover increased debt servicing costs.

Which is why the Fed is scared to defuse this ticking time bomb it has created. It would rather let housing prices and stocks inflate to the bubble levels; hoping to make it thru the day. So far it has worked, more or less. They've managed to paper over real inflation with phony numbers to pretend their is no inflation (anybody checked the price of steak lately?). Housing and rents have exceeded 10% per year increases in many metro areas, driven up by foreign cash buyers. Yup, everything is just grand.