This letter from 58 Democrats in Congress to Congressional leaders is certainly one of the more confused arguments I've ever seen. Of course the letter is largely about politics -- posing as fiscally-conservative moderates -- but it contains utterly mindless policy promises: "Pointing to the effects of the financial crisis in Europe spurred by high levels of debt, the group said they would demand that spending be offset by cuts elsewhere under pay-as-you-go (PAYGO) rules adopted earlier this year. This would have the effect, if the group of 58 held together, of blocking extensions of unemployment insurance and other spending programs that aren’t paid for."
The letter goes on "America is facing a debt crisis that is threatening to undermine our economic and national security."
What a load of crap. Check out these rock-bottom interest rates...