Monday, October 13, 2008

Of Fiscal Conservatism, Theory and Practice

The politicians who have built careers around shouting in favor of the theory of "fiscal conservatism" -- Reagan and his successors -- have done the most damage to the practice of "fiscal conservatism."

Vociferous cries of "fiscal discipline" bear a striking resemblance to vociferous cries of "I have never been gay."

(H/T Matt Yglesias)

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