Tom Taggart: “I am amazed how some republicans have abandoned the idea of a balanced budget. At one time it was central to their platform. It was so important they proposed constitutional amendments to balance the budget. Now that they are in power the message is different. ‘Don’t worry about the debt, it isn’t a big deal. The economy is so healthy it will grow us out of it.’ Both parties are guilty of changing when in power, but this turn around seems especially astounding.”
DFO: The Balanced Budget Amendment was the linchpin of U.S. Sen. Larry Craig’s political existence when the Democrats had power, pre-1994. I haven’t heard him mention it in — what? — a decade? Your comment is dead on. The R’s have lost the moral high ground when it comes to fiscal responsibility. The D’s haven’t had it since, say, John F. Kennedy.