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Most Downloaded Articles
- The Gender Pay Gap by Blau, Francine D and Kahn, Lawrence M
- The Economics of Net Neutrality by Hahn, Robert W. and Wallsten, Scott
- Why U.S. Financial Markets Need a Public Credit Rating Agency by Diomande, M. Ahmed/ Heintz, James S. and Pollin, Robert N.
- Identity Economics by Akerlof, George A and Kranton, Rachel
- Preventing Children's Tobacco Consumption by Adams, Michael
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?