I know that the conventional wisdom is that Republicans and conservatives are hopelessly irrational and self-contradictory on fiscal policy. Let us stipulate that such is the case. That does not mean that the Democrats and progressives are rational and coherent. If someone on the left can point me to a budget that does what you want, does not lead to explosive deficits, and does not depend on spending an imaginary dividend of “lower health care costs, through magic,” I would like to see it.
To put it this another way, I think that even if the entire conservative side of the political spectrum were to collapse tommorrow, the left still could not govern. (emphasis added)
Saturday, March 02, 2013
Quote of the Day - Kling on Fiscal Governance
Arnold Kling on Jeff Sachs on the Administration’s Budget Plans: