Deficit spending is officially back in style, leaving Washington’s professional deficit scolds wondering how they’ll manage to persuade lawmakers to care about red ink again. . . .
When former Sens. Paul Tsongas (D-Mass.) and Warren Rudman (R-N.H.) started the Concord Coalition with former Commerce Secretary Peter Peterson in 1992, “we had a lot of fiscal heroes on both sides that we could go to and work with and encourage,” said Robert Bixby, Concord’s executive director. “That’s not the case now.” . . .
Some donors have emailed to express frustration, Bixby said. “But that’s countered by others that are energized — horrified might be a better word — to take action.”