Thursday, March 21, 2013

Reagan the Marxist Democrat

"The Congressional Progressive Caucus’s new [budget] plan, wrongly written off as softheaded by most of the press, calls for 23 percent of GDP in 2023, with deficits coming in then as small as they were in Ryan’s last two 'conservative' budgets. . .

[I]t can never be said often enough that Ronald Reagan ran government at 22 percent of GDP. This means the long-run spending goal of a caucus seen in Washington as impossibly liberal is just a penny on the national dollar higher than that of a conservative hero. Who knew how close the Gipper was to Karl Marx?"

Read the Washington Post, Lessons from the budget bake-off.