Well, George Dubya Bush's favorite turd blossom is still collecting a check. This time from the Wall Street Journal, the 
tabloid bible of the Investor class.
Today we find Rove cheer leading for the United States' economic collapse as he raises the specter of the "scary" federal budget deficit.
After engineering an unprecedented spending surge for nearly a year, President Barack Obama now wants to signal that he takes deficits seriously. So this week the White House announced that it is considering creating a commission to figure how to fix the budget mess.
Anger over deficits was picked up in a late October NBC News/Wall Street Journal poll, which asked voters if they'd rather boost "the economy even though it may mean larger budget deficits" or keep the "budget deficit down, even though it may mean it will take longer for the economy to recover." Only 31% chose boosting the economy; 62% wanted to keep the deficit down.
Ominously for Democrats, concerns over spending have recently helped to flip the Gallup generic ballot to now favor Republicans by four points (48% to 44%). Last year, Democrats held a 12-point generic ballot advantage. The change has been driven by independents, who now favor Republicans by 22 points. By comparison, in the run-up to the 1994 congressional elections, Republicans first eclipsed Democrats in March of that year, when they gained a one-point advantage, before falling behind Democrats until the fall.
Mr. Obama's spending choices are dragging congressional Democrats into ugly electoral territory where many are likely to meet a brutal fate next fall.
WSJ.com
Now Rove may be right when he pens The change has been driven by independents, who now favor Republicans by 22 points. So-called political "independents" in the United States are a fickle lot who always put person comfort and income before the good of the country. The most extreme of these crybabies are the so-called "teabaggers," the Sarah Palin-skirt sniffers who have had more than their fair share of TV face time.
Now if Karl had been paying any attention at all to balancing federal budgets he might have typed in "balanced budget dangerous for economy" in his Google search bar, he might have stumbled on this Business Week op-ed by Robert Kuttner from 1996:
A balanced budget requirement, especially one locked into the Constitution, would deepen recessions. Federal spending now provides countercyclical elastic to buffer business cycles automatically. In recessions, state and local revenues fall, and the demand for public expenditure rises. Increased federal outlays operate as automatic stabilizers, rising as state income falls. A constitutional amendment mandating budget balance would throw that process into reverse.
In recessions, the federal government, like the states, would have to reduce its own spending to match reduced revenues. Federal fiscal policy would become pro-cyclical instead of countercyclical.
A balanced budget requirement, especially one locked into the Constitution, would deepen recessions. Federal spending now provides countercyclical elastic to buffer business cycles automatically. In recessions, state and local revenues fall, and the demand for public expenditure rises. Increased federal outlays operate as automatic stabilizers, rising as state income falls. A constitutional amendment mandating budget balance would throw that process into reverse.
In recessions, the federal government, like the states, would have to reduce its own spending to match reduced revenues. Federal fiscal policy would become pro-cyclical instead of countercyclical.
Public discourse about the deficit is now out of sync with fiscal reality. With Congress and the White House moving toward balancing the budget via the appropriations process, the great deficit crisis is ending. It was a product of the fiscal imbalance of the '80s and early '90s. That, in turn, was a monument to the failure of supply-side economics. But thanks to the deficit reduction of the Clinton years, the budget is now on a sustainable path. We are nearly back to where government can again use fiscal as well as monetary policy as tools of economic management.
So there you have it. As cogent reason for continuing deficit spending until the current financial and economic crisis has passed.
Yet for a short-term political advantage, Republican control of both houses of the federal Congress, Rove and the entire wing nut universe is willing to risk the total economic collapse of the nation and the economic ruin of the very class of Americans who subscribe to this simplistic economic point of view.
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