And I Quote

"2010 was the year of arsonists posing as firemen, of people railing against deficits while doing
  everything they could to make those deficits bigger. And I don’t just mean politicians. Did you
  notice the U-turn many political commentators and others made when the tax-cut was announced?
  One day deficits were the great evil and the next day $800 billion in debt-financed tax cuts, with the
  prospect of more to come, was the great(est) thing since sliced bread, a triumph of bipartisanship. “

    -- Paul Krugman,    Link