The National Priorities Project’s Mattea Kramer explained the biggest misconceptions Americans have about the federal budget, what makes up most of the federal budget, why now is a great time for infrastructure investment, the best ways to deal with the deficit, why the fiscal cliff is a myth and some predictions on budget negotiations.

On the Better Half: Matt Bai writes something stunningly disingenuous and Sam nails him on it, the fiscal cliff is a bait and switch, Mitt Romney still a massive A-Hole and the head of the Maine Republican Party proves the GOP isn’t just racist in the South.

And keep the conversation going on the morning thread! 

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