As you can see most economists are deficit hawks like yourself. They just think from their training that things are being handled wrongly and you think it's all happening for some other undefined reason.

The consensus also seems to be the economy is slowing again, so it will be interesting to see if they are right. You can hardly blame them, they learn a thing at university and then Bush does something the books say is wrong. Then the economy does badly so naturally it looks like the books were right.

Most economic theory has been developed over many decades of recessions so it has a track record of being accurate. Economists then have a professional obligation to point out what their science is saying.

Often economists are wrong but they get more accurate over time by sticking to the scientific method.