We Need A Tax and Spend Party Again

By: Monday September 27, 2010 7:46 pm

It’s been nearly 35 years since we’ve had a “tax and spend” political party. During the 1970s, the Democrats gave up fighting the Republicans about the “tax and spend” label, and the Carter Administration tried to escape from that charge by making very serious attempts to balance the budget. During the 1980s, more and more Democrats emphasized their concern for reducing deficits and balancing budgets as a way of distinguishing themselves from the Reagan Administration’s unprecedented peacetime deficits. This didn’t work for them during Reagan’s time, but they finally were able to use the balanced budget old-time religion game to get George Bush to violate his no new taxes pledge, which both contributed to the Bush recession and, as a further consequence, was a big reason why Bill Clinton was elected.

Unless You Want Another Recession, Don’t Pine For the Clinton Surpluses

By: Tuesday September 14, 2010 11:50 am

The other day, in one of their e-mails, Democracy For America (DFA) posed the choice for me in the 2010 elections this way:

This election, the choice is clear:

* Republicans like John Boehner and Mitch McConnell want to retain the Bush-Cheney reckless tax cuts for the wealthy that created out of control budget deficits and lead America into a jobs-losing recession.

* Democrats like Barack Obama and Patrick Leahy want to return to the booming Clinton-Gore economy that led to balanced budgets and created over 22 million new jobs.

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