In fact, it is the belief of the Obama administration and Congressional Democrats that it is perfectly fine to rack up $4 trillion in new debt in three years that is extreme, outrageous and radical. It is the Tea Party whose economic views are mainstream.

◼ WHO’S MAINSTREAM? - Powerline
◼ Spending Cuts, Not Tax Hikes, Best for Deficit: NABE - CNBC

The majority of economists surveyed by the National Association for Business Economics believe that the federal deficit should be reduced only or primarily through spending cuts....

As for how to reduce the deficit, nearly 40 percent said the best way would be to contain Medicare and Medicaid costs. Nearly a quarter recommended overhauling the tax system and simplifying tax rates and exemptions. About 15 percent said the government should enact tough spending caps and cut discretionary spending....