Word: keynesian
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...addition, many believe that, in all likelihood, Clinton's tax hike will force them to hire fewer employees in the future. Only the most die-hard Keynesian still believes we can tax and spend our way to economic prosperity. Nonetheless, Clinton seems to fall into this category as even his health care plan involves higher taxes...
...Probably somewhere between Roosevelt and Kennedy. The economy is not as devastated as it was under Roosevelt, and the changes we need to make don't involve as much Big Government or Keynesian economics, but they are quite profound. There's a sense that we need to get the country moving again. That's what Kennedy brought to the White House. But structurally the things we have to do here at home are more profound than what we had to face...
...ruled out. There was about seven years from the pit of the last recession to the beginning of the current one. And that, as Reaganites love to tell you, was an extraordinarily long period of growth. Perhaps you believe -- as the supply- side conservatives did during the 1980s and Keynesian liberals did for decades before -- that the business cycle has been abolished. If not, the calendar is against you: we cannot wait until full recovery from the current recession to begin serious deficit reduction and hope to have it completed before the next recession becomes an excuse to abandon...
...four years. Let's set aside that Bush has watched as the cost of simply administering regulatory programs has skyrocketed from $9.6 billion to $11.3 billion in the last three and a half years. In other words, let's set aside that Bush is basically a moderate-conservative Keynesian who thinks supply siders are just plain silly. The economics themselves are dubious...
...says Roberts. "Even then, it would be acceptable if the percentage of gdp is lower than the rest of the world's, because our bonds would still sell well overseas." Foreign ownership of U.S. debt does not bother Roberts at all. Where he draws the line is at the Keynesian notion that government deficits can encourage growth. "The deficit did not finance the growth of the Reagan years," Roberts insists. "Lower taxes...