Rebecca Wilder at AngryBearBlog.com explains why the current deficit hysteria that has gripped Washington is misplaced (and offers some great graphs of historical spending patterns). A little terminology for some readers. "cyclically endogenous" means the cause of the spending/revenue is not from some budget decision of this year's Congress or President, but rather that the … Continue reading A Look at Government Spending Trends. Not What the Deficit-Fearers Claim. It’s Really A Jobs Deficit.