The reason Ronald Reagan gets slammed for having so badly exacerbated the problem of deficit spending is that he so plainly deserves it.
Democrats cannot win elections without capturing the votes of independent-minded swing voters. And that is where writing off the Tea Party as a bunch of racist kooks becomes self-destructive. The Tea Party outrage over health-care reform, deficit spending and entitlements run amok is no fringe concern.
In order to truly get deficit spending and federal debt under control, the Trump administration is going to have to eventually address entitlement reform. If not, Trump will not only become part of the Washington status quo on the issue, but will leave burdensome and expensive problems for future generations.
We've got to start worrying about America. And if we don't start dealing with the debt we have and the deficit spending we have in Washington, politics doesn't matter, because the American people do realize that they have to balance their budgets.
The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.
The American people want a balanced budget. They want Congress to stop this barbaric practice of perpetual deficit spending. It really, if you think about it, is a form of taxation without representation. We fought a war over that issue and we won that war.
The Keynesian idea is once again accepted that fiscal policy and deficit spending has a major role to play in guiding a market economy. I wish Friedman were still alive so he could witness how his extremism led to the defeat of his own ideas.
We can't have deficit spending in Texas. You have to balance your budget every two years.
Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.
Now fiscal responsibility is generally a good thing, and so a centrism mindlessly focused on tweaking legislation away from deficit spending has its uses.
