Why Republicans never actually cut the deficit
October 28, 2010 1 Comment
Chait is awesome on this stuff. If I had more time to waste, I think this would make a cool diagram:
The loop begins with Republicans gaining power on the basis of promising to cut unspecified programs, or perhaps programs accounting for a tiny proportion of the federal budget. That is the stage of the cycle we are currently in. Then Republicans obtain power and have to confront the fact that most spending programs are popular, and so they must choose between destroying their own popularity by taking on programs like Medicare, or failing to materially cut spending. So they settle on tax cuts instead of spending cuts. Then eventually their supporters conclude that they have been betrayed by their leaders, and cast about for new leaders with the willpower to really cut spending this time.
