Thursday, February 17, 2011

Another Brick in the Wall.


Words. For Your Consideration...

"...By the end of the Clinton years, we had a handsome surplus. In came the second President Bush who, with Republicans in Congress, declared the surplus too big. It was one problem they worked very hard to solve. Two tax cuts and two wars later, we were plunged into deficits - again. And the economic downturn that started on Bush 43's watch made everything worse, cutting revenue and requiring more deficit spending to get the economy moving.

Where were the moderate deficit hawks in all this? They have a very bad habit. When conservatives blow up our fiscal position with their tax cuts, the deficit hawks are silent - or, at best, mumble a few words of mild reproach to have something on the record - and let the budget wreckage happen. Quite a few in their ranks (yes, including some Democrats) actually supported the Bush tax cuts.

But when it's the progressives' turn in power, the deficit hawks become ferocious. They denounce liberals if they do not move immediately to address the shortfall left by conservatives. Thus, conservatives get to govern as they wish. Liberals are labeled as irresponsible unless they abandon their own agenda and devote their every moment in power to cutting the deficit.

It's a game for chumps..."

  • THE WASHINGTON POST: Deficit hawks and the games they play
  • 1 comment:

    Anonymous said...

    You sir are a liar
    http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm