I remember with longing the days of surpluses as far as the eye could see and the looming baby-boomer-induced deficits far off. Now, though, things have changed. As Glenn Hubbard himself can attest, rising deficits cause an increase in long-term interest rates, which drag the economy down. So why the continued craziness when we may still be in a recession?. It makes no sense. At this rate, once war breaks out, the markets will sink further, which could cause another financial meltdown, which could increase the size of the hole we're already in. The current ten-year prediction forecasts, even from the Administration, predict that we'll be in the red for the entire decade. That means an ever growing national debt. Way to go guys!