Evan Soltas: The real U.S. budget deficit picture isn’t nearly as bad as you think…
Joe Weisenthal: … and will improve if Washington instead focuses on economic growth and unemployment…
Peter Orszag: …and especially if the Medicare growth rate continues to slow.
The Impolitic: Meanwhile, Lindsey Graham (R-SC) promises to hold the debt ceiling hostage. Again.
Speaking of which, your quote of the day: “Let me tell you what's involved if we don't lift the debt ceiling: financial collapse and calamity throughout the world.” (Lindsey Graham, January 6, 2011)
Guest blogging Mike's Blog Round Up for the last time this week is Jon Perr from Perrspectives. Send your tips, recommendations, comments and angst to mbru AT crooksandliars DOT com.