The deficit is going up exponentially ... This is a clear editorial on the fiscal policies of this administration, ... I have said before that it was a disaster. I think the numbers today demonstrate why I believe that.

All along, the administration vowed their policies would be painless,

The strong-arm tactics being used by the administration are clearly backfiring,

If a Democratic administration had pursued the fiscal policies and put the nation in the fiscal posture it's now in, the business community would be outraged and on the ramparts. They're getting benefits, but they're also very concerned that if they are perceived to be opposed to the administration's policies, there will be a cost to pay in terms of direct adverse impact on their corporate interests.

The administration is likely to push for more fiscal stimulus, and this makes it a little more clear-cut, because O'Neill had been hesitant about that.

It's painfully clear that the longer Japan waits to address its fiscal deficit, the fewer plausible scenarios there will be to bring the debt-to-GDP ratio down -- ever.