There’s been a lot of interesting political commentary going on this past week (just check out the industrious writers on my blogroll), but I admit that I haven’t felt inspired to chime in on it. Sometimes the weight of public affairs just seems overwhelming, and it helps to step back and focus on personal matters. However, there is one political meme that keeps recurring lately, in the public discourse and thus, also, in the back of my mind. It’s ubiquitous in the establishment press and on the internet; it came up repeatedly last week in Obama’s second press conference, and again today on NPR’s Talk of the Nation. And it’s certainly prominent in Congress.
Here’s the meme: that Obama’s budget is too ambitious, since it dramatically increases the national debt (by what the CBO projects to be $9.3 trillion over ten years, as has been widely reported). That we’re all “fiscal conservatives” who naturally agree that deficit spending is A Bad Thing, and therefore that Congress clearly needs to scale spending back from what Obama has proposed.
There’s a simple question going unasked here: why? Nothing about this meme is as self-evident as those who echo it seem to assume.
Tags: conservatism, Depression, economy, FDR, federal budget, financial crisis, Galbraith, history, Obama

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