Do people like Joe Scarborough really NOT understand the difference between short-term deficits and long-term deficits?  Apparently not.  [  http://www.huffingtonpost.com/2013/03/05/joe-scarborough-paul-krugman-charlie-rose_n_2810389.html?utm_hp_ref=business&ir=Business ]  The brain should be able to carry two thoughts at once, but maybe not in Washington DC.

In the short- and medium-run, deficits are falling, and rather fast.  The deficit as a percent of GDP is falling from a high of 10.1% of...
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