SULLY ON BUDGET DEFICITS
Andrew Sullivan has several bursts on what he terms Bush’s Achilles heel: the massive budget deficit. While I agree with Sullivan up to a point–I thought the Era of Big Government was over–I’m not sure that the deficit per se makes that big a difference. One of the lessons of the 1990s was that you can easily grow your way out of massive deficits when the economy is booming. My concern is that all government programs become viewed as an entitlement and it thus becomes tough to cut back spending once it gets a dependent constituency. We’re still subsidizing helium and mole hair, after all.
