Showing posts with label federal debt. Show all posts
Showing posts with label federal debt. Show all posts

Monday, April 18, 2011

It's only bad when they do it

Ever since the patron saint of fiscal conservatism Ronald Reagan and his minion George H. W. Bush tripled the national debt, from $1 trillion to $3 trillion, the GOP has made intellectual flexibility a hallmark of its rhetoric on the subject. A zen-like serenity about the deficit and the debt settles over the party whenever a Republican occupies the White House, to be instantly replaced with hysteria the instant a Democrat is inaugurated.