Before President Obama took office, GOP leaders told us that deficits don’t matter. But now that a Democrat is in the White House, they can’t seem to quit whining about our budget deficit. But the truth is that they were actually right when they said deficits don’t matter. Ring of Fire’s Mike Papantonio talks to economist Dean Baker to find out why.

Connect with Dean Baker on Twitter and review more of his work at the Center for Economic and Policy Research.