Triggered by an appearance on Canadian TV, I asked yesterday why we should believe anti-sequester Keynesians. They want us to think that a very modest reduction in the growth of government spending will hurt the economy, yet Canada enjoyed rapid growth in the mid-1990s during a period of substantial budget restraint.
I make a similar point in this debate with Robert Reich, noting that the burden of government spending was reduced as a share of economic output during the relatively prosperous Reagan years and Clinton years.
- Quotes of the day Allahpundit 5 hours ago
- Obama: The world’s always been messy, but now social media is amplifying it Mary Katharine Ham 6 hours ago
- Video: Hot Air exclusive interview with Gov. Rick Perry Ed Morrissey 6 hours ago
- “Walking Dead” grumble thread: Hey, maybe Daryl’s gay Allahpundit 7 hours ago
- Report: ISIS eyeing Mexican border to infiltrate America and execute terrorist attacks Noah Rothman 7 hours ago
- Should Kirsten Gillibrand name the senator who told her “I like my girls chubby”? Allahpundit 8 hours ago