[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/10/25/art.spending.gi.jpg caption ="A demonstrator holds a sign protesting the deficit."] FROM CNN's Jack Cafferty: With the national debt nearing $14 trillion and a deficit of $1.3 trillion last year, Washington is sitting around and waiting for the recommendations from that toothless bipartisan deficit commission. The Wall Street Journal reports that the panel might … Continue reading Too late to do anything meaningful about deficit?