Published on Monday, December 31, 2012 by Campaign for America’s Future
Deficits Were On Purpose To Cause This “Crisis”
by Dave Johnson
Before ‘W’ got in and made changes in taxes and military spending we were paying off the debt. Bush said the deficits that resulted from his changes were “extremely positive news.” (Yes, that is in quotes, click the link.) Before that Reagan also caused deficits on purpose. He called it “starve the beast” — as if democracy is a “beast” that needs to be killed. So don’t fall for all this deficit hysteria, let’s just fix what caused the deficits and move on.
This Deficit Story Can’t Be Repeated Often Enough