I'm not talking about economists, I'm talking about politicians who know nothing about economics, but use it as a convenient excuse (although I'd like to single out Krugman for becoming a complete political hack and eschewing so much of what he personally wrote as an economist).
The last period of fiscal sanity in the US came during the Summers period under Clinton
That's certainly true, and in retrospect I commend Clinton for it (though I have to confess to being a detractor at the time). But a President does not define a party or an ideology. Recall how much arm-twisting Clinton needed to do in order to get welfare reforms passed.
And I believe I said that both parties are guilty, so don't read my comments as a defense of Conservatism by any means. With very few exceptions, the legislators on both sides of the aisle have little interest in fiscal restraint, even (especially?) in boom times.
Yes, I oppose military increases, Medicare Part D. But I also oppose their Liberal counterparts. While given our current fiscal mess, taxes -- perhaps even tax hikes -- need to be part of the solution, in the long run the whole thing needs to be scaled back drastically (Ryan is barely a warm-up), and that should allow for lower taxes in the long run.
I'm not talking about economists, I'm talking about politicians who know nothing about economics, but use it as a convenient excuse (although I'd like to single out Krugman for becoming a complete political hack and eschewing so much of what he personally wrote as an economist).
The last period of fiscal sanity in the US came during the Summers period under Clinton
That's certainly true, and in retrospect I commend Clinton for it (though I have to confess to being a detractor at the time). But a President does not define a party or an ideology. Recall how much arm-twisting Clinton needed to do in order to get welfare reforms passed.
And I believe I said that both parties are guilty, so don't read my comments as a defense of Conservatism by any means. With very few exceptions, the legislators on both sides of the aisle have little interest in fiscal restraint, even (especially?) in boom times.
Yes, I oppose military increases, Medicare Part D. But I also oppose their Liberal counterparts. While given our current fiscal mess, taxes -- perhaps even tax hikes -- need to be part of the solution, in the long run the whole thing needs to be scaled back drastically (Ryan is barely a warm-up), and that should allow for lower taxes in the long run.