He should explain to the public the basic facts that all budget experts know: We do not have a chronic deficit problem.

CNN: Look beyond the fiscal cliff

Real GDP grew 218% over those 28 years, more than double the 97% growth rate seen in the recent 28 years of chronic deficit spending.

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In contrast, the U.S. is a chronic importer with a chronic current account deficit.

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Known in Washington jargon as sequestration, the forced spending cuts to the military and other government agencies -- but not entitlement programs that drive chronic federal deficits -- were intended to motivate Congress to come up with a comprehensive deficit-reduction plan sought by both sides.

CNN: Debate on spending cuts seeks blame, not solutions