Keynesian Economics
When Big Deficits Became Good
by Victor Davis Hanson Tribune Media Services As a senator and presidential candidate, Barack Obama said that he detested budget deficits. In 2006, when the aggregate national debt was almost $8 trillion less than today, he blasted George W. Bush’s chronic borrowing and refused to vote for upping the debt ceiling: “Increasing America’s debt weakens …
Freedom or Fairness in 2012?
by Victor Davis Hanson Tribune Media Services This should prove to be an ideological election about the economy. Not all campaigns are so clear-cut. Sometimes moderate Republicans raise taxes (as George H. W. Bush did); at other times, pragmatic Democrats cut spending (as Bill Clinton did). Share This