Deficit
President Bush is deservedly taking the heat for staying the course of the “voodoo economics” of Ronald Reagan that created this country’s runaway deficit. Reagan knew that the American people would not worry and be happy (despite the growing deficit, which he simply cloaked with a smoke-and-mirror device called the “trickle-down theory”) up until sometime after his era ended.
When we have a strong President who can really see the trillion points of deficit light even in non-election years, we will move onward. Otherwise, the presidential spin doctors’ and speech writers’ tax cuts then and now will be paid for by our children.
DEL SPIVA
Culver City
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
