Deficits are a hammer to pound the public sector
Shrinking government has been the goal of the Republican Party for decades. Tax cuts choke off government revenues. When tax cuts pile up to the point where government bleeds red ink, a "Deficit Crisis" becomes the justification for slashing government and government programs, even where "sacrifices" are involved. That has been the plan all along.
The Super Wealthy one percenters want government weakened. It is the only force left partially able to check their greed fueled ambition now that private sector organized labor has been successfully marginalized. Public sector Unions must be broken and public sector pay and benefit packages must be reduced to levels that the private sector is still begrudgingly willing to pay for the "service sector" jobs they still sometimes offer American workers.
It all goes hand and hand with the privatization movement rapidly gathering momentum in Republican controlled states where Governors are selling off public assets that took billions to put in place for pennies on the dollar, in order to plug "budget gaps" fueled by continued tax cuts for the so called "job creators" who are looting America blind.
That is why there will never be a balanced approach to balancing the budget as long as the Republican Party gets its way. Deficits are their means to bring government to its knees. Spending cuts are their weapon of choice.
It is essential that Obama remain firm in allowing the Bush tax cuts to expire for those who earn over $250,000 a year. Every dollar of tax cuts that are extended will result in a dollar less for medicaid, for Pell Grants, for upgrading our infra structure, and for block grants to the States that keep teachers and first responders on the job.
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