During the 1993 State of the Union, Alan Greenspan sat next to Mrs. Clinton. A friend asked what does this imply? We now know that the successful economic policies of President Clinton included fiscal restraint combined was easy money that has become known as Rubinomics. But I give it away – yes, it was Robert Rubin sitting next to Mrs. Kerry last night. As John Kerry did promise fiscal responsibility.
Critics will ask how. Alice Rivlin is right – spend smarter not more. And when Bush says he cut taxes, let’s remind him of Brad DeLong’s expression “Tax Shift, not Tax Cut”. Bush has increased the taxes of the middle class long-term. He will not say this, but we must remind voters again and again of the truth about fiscal policy.