Tax and Spent vs. Tax Cut and Spend
Steve Bainbridge thinks that “a high tax Democrat win in 2008 might have positive long-term strategic gains.” Specifically, it would that remind Americans that “Democrats are tax and spenders not tax and savers” and could lead to the sort of backlash that brought Ronald Reagan to power in 1980.
There’s one little problem with that thesis: The Republicans haven’t exactly shown a propensity to cut spending, either. The sainted Ronald Reagan himself, granted with the assistance of a Democratic House, raised the deficit to record heights. George W. Bush, with the full cooperation of a Republican Congress for six years, spent like a drunken sailor.
Unless the backlash is powerful, indeed, it doesn’t look like fiscal restraint is among the options. The argument that “Democrats will spend even more!” is rather unsatisfying, although it has the advantage of being unfalsifiable. What’s left, I suppose, is a vagues sense that Republicans will at least over-spend on the right things.
Cartoon credit: The Big Picture.