I feel almost like this will be a full-time job for many of us: trying to undo the stupidity racing throughout the political leadership when it comes to the foolish belief that we have some deficit or debt crisis. WE DON’T. It’s phony. And the belief in the phony "crisis" is literally going to kill people–thanks to the insane assault on our budget that is being blessed in a bi-partisan way–and, according to a report just now up, the silliness and stupidity is expanding.

  From The Wall Street Journal:

The effort of a bipartisan group of senators to attack the long-term budget deficit has won notable new support in recent days, raising lawmakers’ hopes of reaching a deal within weeks.

Sens. Mark Warner (D., Va.) and Saxby Chambliss (R., Ga.), who are leading the push, believe they have the tentative backing of 31 senators: 16 Republicans and 15 Democrats.

Democrat Erskine Bowles and Republican Alan Simpson, who co-chaired the White House’s deficit-reduction commission last year, have embraced the effort and launched a new nonprofit organization to raise public awareness about the debt and possible solutions.

Pete Peterson, the New York billionaire who often funds projects aimed at cutting the debt, met with Messrs. Warner and Chambliss Wednesday morning and said in an interview later he was "seriously" considering giving money to the nonprofit.

And Sen. Chuck Schumer (D., N.Y.), who many had seen as a potential obstacle of the senators’ effort to build a larger consensus within Congress, threw his support behind the process Wednesday.

Messrs Warner and Chambliss and four other senators, the so-called Gang of Six, are seeking to craft a proposal that would shave $4 trillion off the federal government’s projected budget deficit over 10 years.

The package under consideration would essentially force Congress, within a short period of time, to come up with changes to spending and tax rules to achieve that goal over the next decade.

Republicans have agreed to consider raising new revenue through the tax code—without raising tax rates—and Democrats have agreed to trim Medicare benefits, moves that would be major concessions from both parties.[emphasis added]

   Obviously, a caution–we don’t know that the specifics of this story are accurate (but, friends, not because it’s The Wall Street Journal).

   But, what makes it feel in the realm of truth is that it confirms the stupidity and silliness about the debate over the phony debt and deficit "crisis".

   First off, let’s get something straights: THERE IS NO DEFICIT OR DEBT CRISIS. I explain this in detail in, "It’s Not Raining, We’re Getting Peed On: the Scam of the Deficit Crisis".

   We have plenty of money in the country–if we are willing to have a serious discussion about the robbery that has taken place over the past 30 years. But, we aren’t having a serious discussion.

   Instead, we have Republicans refusing to raise tax rates–the story simply confirms what they have said all along–and Democrats already willing to accept cuts in Medicare. You cannot–CANNOT–raise enough money through the tax code without raising tax rates. It is not possible.

   So, here again, we have a situation where Democrats have already given away something that regular people need–and letting Republicans continue to protect the wealthiest Americans.

   I’ll end simply by saying that there is no debt and deficit "crisis". We can manage any debt in four easy steps:

• Demand that the rich pay their fair share;

• Be serious about health care costs;

• Reign in Wall Street; and

• Cut, to quote Dwight Eisenhower, the military-industrial complex.