Here Come The Last, Dying Gasps Of The Deficit Hawks

It almost looked like the deficit wars were over.

The hawks who insisted that we must make deficit reduction a major priority seemingly retreated, as the growing economy took the wind out of their sails.

But it looks like they're gathering for one more go at a grand bargain.

NYT's Thomas Friedman has a column urging Obama to give one more shot at a "grand bargain" that would involve lower future spending and higher taxes. Friedman believes that this will unlock corporate confidence and spending.

MSNBC's Joe Scarborough continues his crusade for deficit reduction, calling Krugman a debt denialist.