All through the Bush years, the refrain from the party in power was "deficits don't matter."
Then the economy collapsed.
Then the other party came to power.
And suddenly the vanquished party became obsessed with the country's massive deficit and wanted to immediately slash spending--and, bizarrely, cut taxes--to fix it.
And that will likely be the Republicans' message throughout the coming campaign.
How can we bring down our country's massive $1.3 trillion budget deficit? Former "car czar" and Quadrangle co-founder Steven Rattner thinks that the Bush tax cuts eventually have to expire – still leaving us with the historically lo... Read Post
Last August, the euro-zone crisis moved into its “doomsday” phase: Suddenly, it wasn’t just tiny, poor countries such as Greece and Portugal that were collapsing. Massive bedrock economies such as Spain and Italy were also in troubl... Read Post