Posted by wrmiller13 on 10/5/2010 6:44:00 AM (view original):
At some point in time we have to recognize and acknowledge that this government and the responsiblity for it and the blame for it is a shared culpability, and move beyond this nearly blind partisanship that is sweeping the country.
Reagan deserves as much credit / blame for outspending the Soviets as Clinton deserves credit for the surplus of the late 1990s.
Our government tends to get in way over its head when there are like minded people (not necessarily of the same party as we saw in 2006-2008) who control all three parts of the government.
There are a lot of factors that contribute to the deficit that are above the 'blind partisanship':
1) Politicians in general have a vested interest in giving voters stuff (spending) and not in taking stuff away from voters (taxes).
2) There is a cultural resistance in America to the idea of cutting defense spending, even above and beyond the hue and cry from specific constituencies when a big program is targeted
3) There's an argument to be made (as creilmann did earlier) that the switch to supply-side theory resulted in lower government revenue. If you look at the graph of government revenue over the years, it's actually a pretty steady upward curve even pre-Reagan, but there's a plateau from '80-'83, a slowdown from '90-'92, and then the 2000s are just a brutal rollercoaster. Whether those slow patches would have been there in a higher-tax environment is impossible to say, of course.
