The commentary, Why We Should Beware Budget-Deficit Mania, by Robert Reich is posted on Truth-out.org.

If Congress and the President started right now to cut the federal deficit – slashing spending and raising taxes on the middle class – our anemic economy would quickly become comatose.

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Even worse, budget-deficit mania will slow future growth if it forces government to cut the things that fuel growth – education, basic R&D, child health, improved infrastructure.

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Don’t get me wrong. America’s projected budget deficits require attention. But in addressing them we need to focus on the right solutions, and make sure we’re solving the right problem.

The preliminary report of the President’s deficit commission doesn’t help. It’s another example of budget-deficit mania generating more heat than light.