Arabian Nights Returns to Berkeley Rep
The Third Generation of Voodoo Economics

Tom Maguire Says That All the Republicans Who Have Been Claiming to Worry About the Deficit Over the Past Two Years Are Liars

Tom:

JustOneMinute: One Day, When The Times Has An Economist As A Columnist...: The idea that deficits created by tax cuts don't matter is hardly new or magical, except perhaps to Krugman and any Times readers who lean on him for economic insight. IF YOU CAN'T TRUST FOX ON THIS:  Per Fox, the Republican message has been that we have a spending problem, not a revenue problem.  Very Ricardian, and how did Krugman miss it? SO WHO HAS ALZHEIMERS NOW, MR. SMARTY-MOUTH?

Seems like Tom is a bit harsh on his fellow Republicans to me. I think a bunch of them--people like Alan Greenspan, Paul O'Neill, etc., etc.--do worry about the deficit, but have been told to fall in line and be quiet for a while.

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