Why Do We Have a Large Deficit?

It's the recession, stupid.

Paul Krugman has the data.

So when you here some cable TV pundit droning on about deficits and the stimulus or exploding health care costs, change the channel.

Get the economy back on track and allow the Bush tax cuts to expire, and the deficit problem is solved for the next decade. Then we can do something about the long term problems with health care and retirements costs.