The Economists' Voice
Ed. by Cragg, Michael / Jaffee, Dwight / Stiglitz, Joseph / Zwiebel, Jeffrey
SCImago Journal Rank (SJR) 2014: 0.121
Source Normalized Impact per Paper (SNIP) 2014: 0.088
Impact per Publication (IPP) 2014: 0.118
The Parties' Flip-Flops on Deficit Spending: Economics or Politics?
Citation Information: The Economists' Voice. Volume 1, Issue 1, ISSN (Online) 1553-3832, DOI: 10.2202/1553-3832.1001, September 2004
- Published Online:
Not long ago, Republicans were trying to pass a balanced budget amendment to the constitution. Democrats were skeptical, overwhelmingly Keynesian, and believed that deficit spending had ended the Great Depression. Under Rubinomics the positions began to switch: Democrats became the defenders of fiscal orthodoxy. Now Bush has cut taxes for the rich and caused huge deficits. Is the flip-flop just politics?