Tuesday, February 13, 2018

Brian Wesbury is back in the excuse-making business for future GDP

Here, complaining that the upcoming two-year Republican $300 billion discretionary spending extravaganza will crowd out the private sector.

Really?

Republicans were quite content under Obama to permit deficits of $7,313 billion over eight years, and Wesbury chirped the whole time about his good old Ploughhorse Economy which produced, for him, passable GDP.

Republicans now are rewarding their constituencies through spending, no less than Democrats did under Obama. The constituencies are different.

We'll see if the spending gets as out of control as it was formerly, but the handwringing, given the disparities, is misplaced.