The Parties' Flip-Flops on Deficit Spending: Economics or Politics? : The Economists' Voice

www.degruyter.com uses cookies, tags, and tracking settings to store information that help give you the very best browsing experience.
To understand more about cookies, tags, and tracking, see our Privacy Statement
I accept all cookies for the De Gruyter Online site

Jump to ContentJump to Main Navigation

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

VolumeIssuePage

Issues

30,00 € / $42.00 / £23.00

Get Access to Full Text

The Parties' Flip-Flops on Deficit Spending: Economics or Politics?

Joseph Stiglitz1

1Columbia University

Citation Information: The Economists' Voice. Volume 1, Issue 1, ISSN (Online) 1553-3832, DOI: 10.2202/1553-3832.1001, September 2004

Publication History

Published Online:
2004-09-15

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?

Keywords: deficits; deficit spending; Greenspan; Bush; Rubin; Keynes

Comments (0)

Please log in or register to comment.