Deficit Thinking

Wednesday, 16 July 2003, 20:36 | Category : Politics
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Please, don’t anybody ever refer to Republicans as the party of fiscal responsibility again. A $450 billion deficit? And that doesn’t include the costs of Bush’s excursion into Iraq. They say it will be cut in half in a few years. And even that figure would have been a near-record deficit before the one just announced. Democrats may be the part of “tax and spend” – but Repubicans are the party of “spend and spend”. At least Democrats are honest enough to admit that you have to have government revenue to pay for all the programs. Look at recent history – the Reagan administration gave us deficits that exceeded the cumulative deficits of all previous Presidents.