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An Arrow Through the Throat of the Deficit Hawks (Who will eat our livers if we don't get them first.) Bloomberg .com is a hard core financial news site. No wishy -washy ideology-driven spins on the money news. Here are some excerpts from today's issue: Are the "Bond Vigilantes" Going to Punish Obama? Instead of punishing the Obama administration for running up a budget deficit ..., bond investors are pouring money into fixed-income assets as inflation slows and equity markets stumble. That’s a turnaround from 16 years ago, when Bill Clinton was forced to abandon stimulus plans after his advisers said the bond market would punish him with higher borrowing costs if it sensed swelling deficits. “The deficit concerns are on the back burner,” said Andy Richman , who oversees $10 billion as a strategist in Palm Beach, Florida for SunTrust Bank’s private wealth management division. “The bigger concerns are on the deflationary mode and seeing grow...