Thread: Economics The Fiscal Cliff Approacheth
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Old 12-05-2012, 09:23 AM   #446
patteeu patteeu is offline
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Quote:
Originally Posted by Direckshun View Post
Not necessarily in the wake of a recession. You deficit-spend out of recessions.
You can make whatever excuses you want, but Obama hasn't demonstrated the traits of a deficit hawk. His promises to initiate nearly $1 trillion in new spending during the 2008 campaign even before the financial crisis hit is not an indication of deficit hawkishness.

Quote:
Originally Posted by Direckshun View Post
At least half of it's going to end up in the grand bargain.
I don't know what Republican deficit hawks will be able to accomplish in that regard, but I do know that the President hasn't made a serious proposal to cut spending and bring the deficit down.
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