Why does the U.S. continue to run deficits?

Neo says:

February 4, 2010 at 5:38 PM

A quick look at Wall Street today should make "tea party" members out of just about anybody.
A 2.5% drop in the market (and your 401(k)) based mostly on the fact the Greece and Portugal are "on the brink" (with Spain and Ireland "on deck") because they spent and spent in an attempt to bring about prosperity.
We will only get so many warnings before it all goes to hell.