The dwarf at the NY Times has been writing the same article for four years now: forget about deficits and let federal spending fly. Frank Fleming takes it all the way: "Why not just put the entire federal budget on credit?"
Think about it: We’re past $16 trillion in debt so far, and we’re just fine. We have a pretty good scheme going to keep up the level of government we want: We take big loans from our children and then die before paying them back. And we have no reason to stop.No reason and no willpower, so let's go whole-hog. Bernanke will keep pushing quantitative easing until the wheels grind to a halt and then we can invoke the Willie Sutton rule and go where the money is.