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Originally posted by SlaveNoMore
Oh, ok. Sure. Because, god knows, tenured professors would never give up their intellectual pursuits for a juicy government appointment. Are you working on your stand-up routine?
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He already had a gig in the Treasury Dept. without being bitter. And this sort of stuff does not help you if you need to be confirmed by the Senate.
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1) His comment about Reagan is slanted and you know it.
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No, it isn't. He said "We worked very hard for years to repair the damage that Ronald Reagan and company had done to America's fisc." We ran up huge deficits under Reagan, and it took us years to get the budget right again.
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2) Yes, I agree with that hearsay quote attributed to VP Cheney by the irrelevant former Treasury Secy O'Neil that "Reagan proved deficits don't matter" (further, that the IMF says they do, offers clear and definitive proof to me that they do not). What Reagan also proved, however, is that curtailing runaway government spending and cutting federal programs DOES matter, and neither this POTUS nor any of these assjacks trying to replace him seem to be doing or saying anything to suggest any intent to do this.
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Make up your mind: Either deficits matter, and you are going to try to slink around the facts that the Treasury Secretary says Cheney said they don't and that Cheney and Bush clearly don't give a rip about running up massive deficits, or they don't, and you can stand proudly with Cheney and pretend like you're dealing with a bunch of pointy-headed foreigners at the IMF. It would be kind of refreshing if you'd stake out the latter position, since all of the conservatives posting here seem to be in the former camp -- you know, agreeing with the IMF.
Under Clinton -- that would be when DeLong was in the Treasury Department -- the federal budget was balanced. So quit bellyaching about what the Dem candidates are saying -- they're playing on Bush's field now, and you're not going to get elected by telling the American people the truth unless someone starts holding him accountable for his crap. That could start with more O'Neills.
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And you are being blatantly naive. This guy is a cry-baby.
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The guy writes about policy. I understand that you guys don't really care about that stuff.
