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Most Downloaded Articles
- The Health Care Reform Legislation: An Overview by White, Chapin
- The Economics of Net Neutrality by Hahn, Robert W. and Wallsten, Scott
- The Simple Economics of Health Reform by Cutler, David M
- The Gender Pay Gap by Blau, Francine D and Kahn, Lawrence M
- Compensation and Incentives in the Mortgage Business by Quigley, John M.
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?