General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHey Joe Sum - I heard you earlier saying that there are radicals on the left
who don't think deficits matter.
Listen ReTHUG hack, do you remember this?
http://www.salon.com/2009/03/27/deficits/
<snip>
Dick Cheney once observed that deficits dont matter, which may well have been the most honest phrase he ever uttered. His words were at least partly true, which is more than can be said for the great majority of the vice presidents remarks and they certainly expressed the candid attitude of Republicans whenever they attain power. His pithy fiscal slogan should remind us that much of the current political furor over deficit spending in the Obama budget is wrong, hypocritical, and worthy of the deepest skepticism.
In our time, the Republican Party has compiled an impressive history of talking about fiscal responsibility while running up unrivaled deficits and debt. Of the roughly $11 trillion in federal debt accumulated to date, more than 90 percent can be attributed to the tenure of three presidents: Ronald Reagan, who used to complain constantly about runaway spending; George Herbert Walker Bush, reputed to be one of those old-fashioned green-eyeshade Republicans; and his spendthrift son George Dubya Bush, whose trillion-dollar war and irresponsible tax cuts accounted for nearly half the entire burden. Only Bill Clinton temporarily reversed the trend with surpluses and started to pay down the debt (by raising rates on the wealthiest taxpayers).
Republicans in Congress likewise demanded balanced budgets in their propaganda (as featured in the 1993 Contract with America), but then proceeded to despoil the Treasury with useless spending and tax cuts for those who needed them least. Even John McCain, once a principled critic of those tax cuts, turned hypocrite when he endorsed them while continuing to denounce the deficits they had caused.
http://thinkprogress.org/economy/2008/10/02/172396/cheney-deficit-debt/
ananda
(28,873 posts)Mr Micawber's famous, and oft-quoted, recipe for happiness:
"Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
Charles Dickens, David Copperfield
malaise
(269,155 posts)Still Fugg Joe Scum
Gidney N Cloyd
(19,845 posts)And I think the full quote is "Reagan proved deficits don't matter." If I can immediately think of that then surely Mika Mouse or one of the others on the set could have tossed it in, too.