Thu, 29 Jan 2004 15:17:25 GMT
Why so bitter?
Economist Brad DeLong has been a consistent voice of reason as the insanity of Bush administration fiscal policy has mounted. Today he justifiably allows himself to get just a little less reasonable, summing things up in an impassioned, must-read post:
|   | Why do so many of us who worked so hard on economic policy for the Clinton administration, and who think of ourselves as mostly part of a sane and bipartisan center, find the Bush administration and its Republican congressional lapdogs so… disgusting, loathsome, contemptible? Why are we so bitter?
After introspection, the answer for me at least as clear. We worked very hard for years to repair the damage that Ronald Reagan and company had done to America's fisc. We strained every nerve and muscle to find politically-possible and popularly-palatable ways to close the deficit, and put us in a position in which we can at least begin to think about the generational long-run problems of financing the retirement of the baby-boom generation and dealing with the rapidly-rising capabilities and costs of medicine. We saw a potential fiscal train wreck far off in the future, and didn't ignore it, didn't shrug our shoulders, didn't assume that it would be someone else's problem, but rolled up our sleeves and set to work. Then the Bush people come in. And in two and a half years they trash the place. They trash the place deliberately. They trash the place casually. They trash the place gleefully. They undo our work for no reason at all–just for the hell of it. |
[Scott Rosenberg's Links & Comment]
