Don't Fear the Deficit | The American Spectator | USA News and Politics
Don’t Fear the Deficit
by

Writing in The New Republic, Clay Risen continues the trend away from deficit hawk Democrats, arguing that the budget-balancers in the liberal party risk falling into a Republican trap. The electorate really likes big government, he maintains, not Democratic spending cuts. Worse, the voters won’t get the connection between deficits and interest rates but will fear higher taxes.

Leaving aside the some of the suspect economic assertions — mainly warmed-over Rubinomics — there is some truth to the political analysis. And some value in realizing that the deficit is useful to Democrats primarily as a way of blocking tax cuts. Only a minority in the party prefers balanced budgets on their own merits.

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link: https://thespectator.com/world.

Be a Free Market Loving Patriot. Subscribe Today!