Banking on alternative reality

It takes an economist to move me to write. I’m listening to NPR this morning after dropping the kids with their grandparents and on comes a Bank of America economist. He begins to bemoan the largest deficits this country has ever run in peacetime.

Get it? Peacetime. 

Last I checked, the US military was active in two countries that, while few people prefer to use the term “at war,” can not be described as peaceful: Iraq and Afghanistan.

I guess they fed the kool-aid to the “economists” as well as the risk managers at BofA. Maybe they should check back into the reality-based community once in a while.

But what’s equally maddening is that the NPR reporter seemed to let the “peacetime” comment pass without, uh, comment. Journos love to bring on the experts when they need perspective, but they don’t always like to ask the experts tough questions. That would just complicate things.