In response to:

Why Did America’s Economy Boom When Reagan and Clinton Reduced the Burden of Spending?

Colonialgirl Wrote: Mar 07, 2013 7:25 PM
That WAS NOT Reagan; It was the DEMOCRATS that were running Congress. DO get your head extracted from your nether passageway before your last braincell expires.
Steev Wrote: Mar 08, 2013 8:37 AM
Then you could say the same of obama. No president can spend money, only congress can spend money

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.