The Hamas budget deficit: nearly American

The US is trying to help yet another government turn to Iran for support while not quite understanding that deficit spending is the American thing to do.

Hamas leaders, savoring their landslide victory in Palestinian elections, faced an array of threats on Friday: a huge government deficit, a likely cutoff of most aid, international ostracism and the rage of defeated and armed Fatah militants.

Of the many questions that the Hamas victory presents, the need to pay basic bills and salaries to Palestinians is perhaps the most pressing. The Palestinian Authority is functionally bankrupt, with a deficit of $69 million for January alone.

That will be an urgent question when the United States, the European Union, Russia and the United Nations, known as the quartet, meet in London on Monday to discuss the Palestinian vote, especially if, as some American officials fear, Hamas turns to Iran to make up some of the difference.