Wall St. Journal:  “The federal budget deficit has long since graduated from nuisance to headache to pressing national concern.  Now, however, it has become so large and persistent that it is time to start thinking of it as something else entirely: a national-security threat.  The budget plan released Monday by the Obama administration illustrates why this escalation is warranted. The numbers are mind-numbing: a $1.6 trillion deficit this year, $1.3 trillion next year, $8.5 trillion for the next 10 years combined—and that assumes Congress enacts President Barack Obama’s proposals to start bringing it down, and that the proposals work.”

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