Bush's Budget Betrayal
Nov. 19th, 2003 12:17 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
arisbe"Did anyone who voted for Bush think that he would far surpass Clinton in expanding the Leviathan state? In 1999, Harvard University economist Martin Feldstein ominously warned in a Wall Street Journal op-ed that unless President Clinton's budget plans were defeated by congressional Republicans, government spending would increase by $850 billion over the next decade, on top of the $2.5 trillion increase already called for in current law (much of which was off-budget spending).
"Little did Feldstein realize that as he wrote, an even more aggressive spender was preparing a bid for the White House under the banner of fiscal restraint and a more humble foreign policy but who, once elected, would make the reckless Clinton look like the model of probity with respect to domestic and foreign policies. Under the Bush Administration, the national debt will increase by more than $850 billion in two years."
Christopher Westley, here.
"Little did Feldstein realize that as he wrote, an even more aggressive spender was preparing a bid for the White House under the banner of fiscal restraint and a more humble foreign policy but who, once elected, would make the reckless Clinton look like the model of probity with respect to domestic and foreign policies. Under the Bush Administration, the national debt will increase by more than $850 billion in two years."
Christopher Westley, here.