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Obama Is Not a Deficit Hawk. He's Just a Keynesian

Grant43 Wrote: Feb 13, 2013 6:13 PM
Hogwash. A true Keynesian would advocate reduced government during years of surplus. This President would simply use it as an excuse for even greater government involvement on the grounds that we would now be able to afford it. He is simply a big government spender who believes that lawyers understand the economy, medicine, social policy, etc., better than anyone else. Because, uhm, they have so much relevant training?
ClownHallBuster Wrote: Feb 13, 2013 6:27 PM
Straw man. You have no idea what Obama would do when their is a Federal budget surplus.

We do know what President Bush did when he had a surplus.

Blow it.
ClownHallBuster Wrote: Feb 13, 2013 6:27 PM
Straw man. You have no idea what Obama would do when their is a Federal budget surplus.

We do know what President Bush did when he had a surplus.

Blow it.
Over at Investors Business Daily, Jed Graham writes about "the deficit chart that should embarrass budget hawks," which shows that the federal deficit has been shrinking in the last two years and is projected to shrink further this year:

Graham writes that the draw-down in federal spending puts a precarious economic recovery at risk. That's certainly a take in line with conventional Keynesian economic analysis - the Congressional Budget Office has similarly projected this year's sequester to knock 0.6% off of projected GDP growth and cost 750,000 jobs by the end of the...