Larry Elder: Bush deficit bad, Obama deficit good?

"Questions: Didn't Krugman, less than six years ago, call the deficit 'enormous'? Wouldn't he, therefore, consider a $1.5 trillion deficit at 10 percent of GDP mega-normous? Didn't he describe the economy with 5.5 percent unemployment as 'weak'? Isn't the current economy, at 9.7 percent unemployment, even weaker? If the 2004 deficit was 'comparable to the worst we've ever seen in this country,' wouldn't today's much bigger deficit cause even more heartburn?

"Nope. Now a huge deficit is actually a good thing: 'The point is that running big deficits in the face of the worst economic slump since the 1930s is actually the right thing to do. If anything, deficits should be bigger than they are because the government should be doing more than it is to create jobs.' The deficit 'should be bigger'?!"

Brother X says: "It's not insanity when we do it!"