E. J. Dionne is always good for a laugh. Why, what President Obama needs to do is ignore the Tea Party (and common sense) and propose a massive amount of short term spending! In fact, short term deficits should be ignored.
Nevermind that as is, we are going nearly two trillion dollars in debt over the last year. Might as well dump another trillion in debt on top of that, I'm sure all will be well.
But we need infrastructure spending! This one makes me laugh; wasn't that what the Stimulus was all about? We need to subsidize state spending; their constitutions require them to have a balanced budget and be responsible, so the only way for them to be irresponsible is for the federal government to jump in on their behalf.
My favorite part is that he mentions Europe's austerity should be a lesson. Apparently, nobody told Dionne that Europe can't borrow any more money because nobody is willing to lend it to them. Austerity isn't being imposed by a European "tea party" but by reality. Can't just ignore that one, chief.
We could hike taxes on the rich, just as Europe did, and end up in the same place.
People don't seem to want to face reality. For decades, we have lived on the wealth of the future. Now the future is here and the past must be paid for. Our democratic social welfare state is not designed to handle this transition.