Via TPM:

“It doesn’t address in any serious or courageous way the issue of the near and medium-term deficit,” David Stockman told [Brian Beutler] in a Thursday phone interview. “I think the biggest problem is revenues. It is simply unrealistic to say that raising revenue isn’t part of the solution. It’s a measure of how far off the deep end Republicans have gone with this religious catechism about taxes.”

Stockman is still on the wrong side of critical issues — the architect of the Reagan deficits loves him some entitlement pain…

…but, as Beutler reports, he

…breaks faith over taxes and the GOP’s unwillingness to slash defense spending. And he laughs off the notion that the plan will do anything about unemployment, let alone dramatically reduce it, which Ryan and his plan claim it will. “This isn’t 1980. It’s not morning again in America. it’s late afternoon, or possibly even sunset.”

Oh noes! Someone dares to suggest that America may be exceptional only in the self-inflicted wounds that mark its decline.

As soon as I recover from my attack of neurasthenia, I’ll be sure to bestow some appropriately framed certificate of Moore-ishness upon this miscreant’s head.

Image: Alejo Fernández, The Scourging of Christ, before 1543

Explore posts in the same categories: Conservatives, Decline and Fall, Fiscal policy, Massive Fail, Republican follies, Republican knavery, Uncategorized, Who thought that was a good idea?

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3 Comments on “”

  1. bill Says:

    Hey, credit where it’s due. Stockman’s credibility is in indirect proportion to the amount of time he spends on the Sunday talk shows explaining the obvious. The fact that he still deserves a public flogging (or maybe having an ear or a finger removed) for being the main supply-sider of the early Reagan years is not completely beside he point, but I’m willing to overlook that for the moment.

  2. AJ Hill Says:

    At least Mr. Stockman has been consistently honest in confronting the lunacy of supply side dogma. Contrast his behavior with that of Alan Greenspan, whose momentary contrition has been followed by a succession of disingenuous excuses and recantations designed to establish the fact that he and his colleagues were right all along.

    • Tom Says:

      Agree w. both of you. Stockman has a lot to answer for, but at least he’s not a lunatic; most of his Republican colleagues are, it seems.

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