Uncategorized

New report on federal deficits a “must read”

The transparency of the hypocrisy evidenced by the born-again deficit hawks remains stunning. For most of the past decade under President Bush, conservatives didn’t give two hoots about the federal deficit. How do we know this? Because during that period they (abetted by the half-hearted opposition of many congressional liberals) aggressively pursued the enactment of fiscally irresponsible policies that squandered the surpluses of the Clinton years with massive tax cuts for the wealthy and a pair of expensive wars. Then the economy tanked and President Obama inherited a three ring mess.

Now, all of a sudden, as the President tries desperately to keep the economy afloat and prime the economic pump with modest recovery spending that amounts to only a small fraction of the overall deficit problem, conservatives have gotten religion again on the issue of deficits. The cynicism of the Obama critics is enough to make your head spin.

To read a wonky and fact-based confirmation of this summary, check out the new report from the Center on Budget and Policy Priorities that was released today entitled “Critics still wrong on what’s driving deficits in coming years: Economic downturn, financial rescues and Bush-era policies drive the numbers.”

2 Comments


  1. WILLIAM MURRAT

    June 29, 2010 at 8:39 am

    Now that thoughts of a failed Obama presidency are beginning to creep in, there is little for Progressives to do but resort to Bush bashing for some relief. Even the clueless Joe Biden is beginning to see the sad reality of the jobs picture, and he no longer talks about the stimulus. As this malaise settles in with the American people, they now realize there are no 3 million green jobs coming, and much of the campaign rhetoric that sounded so promising is nothing but an illusion. So far, Obama has made every wrong move on the economy, and there is little hope that things will improve in the near future.

  2. […] The Progressive Pulse (blog) […]

Check Also

Opposition grows as Trump seeks to make federal judge out of NC voter suppression champion

As reported in this space last week, the ...

Top Stories from NCPW

  • News
  • Commentary

The 12 minutes spent on the phone with Duke Energy customer service shed no light on how — or if — c [...]

Crumbling ceilings. Failing air conditioning and heating systems. Broken down school buses. Mold inf [...]

This story has been updated with comments from Jim Womack, who did not respond earlier to questions. [...]

For the 18 months, Gary Brown has been traveling through northeastern North Carolina like an itinera [...]

Last week, the General Assembly announced which legislators will serve on the Joint Legislative Task [...]

The latest effort in Washington to repeal and not actually replace the Affordable Care Act has a dif [...]

Conservative group “reviewing” bigoted attacks; funding from major NC corporations implicated Nearly [...]

5---number of days since Senators Bill Cassidy and Lindsey Graham unveiled a new proposal to repeal [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more