David Beckworth Scott Sumner talks very good sense sometimes

Don’t tell me that the Dems favor fiscal stimulus because they like big government. The payroll tax cut will make it a bit more difficult to expand the size of government in future years. (As Clinton found in 1993, when he was told the “bond markets” (i.e. the Reagan tax cuts) wouldn’t allow him to enact all his policy ideas.

TheMoneyIllusion » An odd question.

Cross-posted at Asymptosis.