Ruy Teixeirais a Senior Fellow at the Center for American Progress Action Fund
From the Ryan plan, to the Obama plan, to the Gang of Six (now five), deficit mania has officially taken over Washington. Both Republicans and Democrats, while they have different preferred approaches, are single-mindedly focused on cutting budget deficits and relieving the long-term debt situation of the country. Yet unemployment remains at 9 percent and the modest economic recovery that's underway has shown signs of sputtering. What explains this dramatic disjuncture?