Getting out of the red is the new black. Deficit hawks have swooped down on the U.S. budget. This week, they attacked unemployment benefits.
Ultimately, they are going after Social Security and Medicare/Medicaid, the venerable programs once considered untouchable "third rails" of U.S. politics. These have been replaced by a new third rail, the defense budget. To really deal with annual deficits and a surging national debt, we are going to need to cut military spending.
We need some deficit doves.
