The Des Moines Register’s Editorial on Monday, June 27, 2011 was titled “Steep budget cuts now could harm economy”.

Summary – The Register’s Editorial group pointed us once again to the “nonpartisan fiscal agency”, the Congressional Budget Office (CBO).   They quoted the CBO’s “dire warning about unsustainable federal deficits”, but cautioned that the report also “warned that steep cuts right now could make the nation’s fiscal condition even worse by kicking the legs out from under the economy”.   Also on June 27^th, The Wall Street Journal’s front page led off with an article titled “Debt Hamstrings Recovery”[1].   The WSJ’s Tom Lauricella notes “Around the globe, the inability of governments and households to reduce their debt continues to cast a shadow over …