First off, why is so much time being spent in an "innovation blog" about the deficit? Actually the two are closely related on many levels. The simplest level being that money is needed for innovation.
The federal government is borrowing money and spending it. They are going to have to pay that money back. Governments only get money from one place, their people. In order to pay all this money back, the Government is going to take the money from us. When we don't have any money we can't invest in any innovation. So you see, those who care deeply about innovation need to care deeply about our debt.
So, having established the fact that the Federal Deficit is a big deal, and knowing that we are deep, deep, in debt can someone please explain to me how we can lower taxes (not allowing the Bush tax cuts to expire is in effect a tax cut) and extend unemployment benefits?
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