Over at the Heritage Foundation's website, Brian Riedl
takes apart a tiresome argument that because the Republicans
were fiscally irresponsible it is okay for the Democrats to be
fiscally irresponsible too:
The logic seems to be that if a Republican President can run up
$3.35 trillion in debt, then Obama should be given free rein to
run up even greater debt. This is absurd. First, Obama pledged to
fix what he considers Republican governing errors – not
double down on them. Second, the permanent $1 trillion
budget deficits America is currently facing call for a tougher
approach than the $150 billion to $450 billion deficits that
typified the last eight years. Finally, many Republicans blame
themselves for supporting too much deficit spending under Bush,
and now believe that spending should be restrained to fix those
deficits. Should they be criticized for coming around to this
position? Would the President prefer that Republicans continue to
argue that deficits never matter?
President Obama is set to more than double President Bush's
deficits.