Why are the Bananarepublicans not criticising him?
In the fat times, tax cuts went to the rich.
In leaner times, the deficit might win them an election.
The principle they maintain at all times. Deficits are very, very bad, but only when Democrats run them.
For many of the rest of us, things work differently.
Deficits are neither good nor wicked. It depends where in the economic cycle you are, what needs exist and whether you can afford them.
Deficits that fund projects that yield more than they cost are often a good idea, especially when unemployment is growing.
Deficits that exacerbate inequality to extreme levels are usually a bad idea, as the folks you want to fund are those with ideas. And the anecdotal tales say that they are to be found in garages, not in palaces.
Deficits that save large numbers of lives justify themselves using moral reasoning, even if they make less economic sense.
There's no overarching rule which says deficits are bad and surpluses are good. It just depends.
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