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US News

Is anyone really focused on reducing the deficit?

According to the polls, lots of voters worried about the deficit. So which political party is actually serious about reducing the size of the deficit? Neither says Megan McArdle. “So while I worry about Republicans passing irresponsible tax cuts, I worry equally about Democrats passing irresponsible spending programs that pay lip-service to the notion of deficit reduction, while in fact making it more likely that America will end up in a crisis. You can argue that American really needed health care reform, but the Republicans would say the same about tax cuts. At that point, you’re obviously not that interested in the deficit; you’re simply saying that the stuff my side wants to do is worth risking the country’s financial future, while the stuff the other side wants to do isn’t. Okay, maybe, but that isn’t going to make the resulting deficit any less . . . um . . . deficit-like.”

But we’ve already risked the country’s future on what the Democrats want to do and it’s turned out badly. Let’s give the GOP a shot to do a really sucky job