Some have asked if there aren’t conservative sites I read regularly. Well, no. I will read anything I’ve been informed about that’s either interesting or revealing; but I don’t know of any economics or politics sites on that side that regularly provide analysis or information I need to take seriously. I know we’re supposed to pretend that both sides always have a point; but the truth is that most of the time they don’t. The parties are not equally irresponsible; Rachel Maddow isn’t Glenn Beck; and a conservative blog, almost by definition, is a blog written by someone who chooses not to notice that asymmetry. And life is short.
Well said, Professor.
But the rational progressive vs irresponsible right is not the difference I mean.
Click Krugman's embedded link on you'll find a graph of federal debt as a fraction of GDP. This is striking. From the end of WW II until about the beginning of the Ford admin, debt/GDP shrank from almost 1.1 to about 0.25. It essentially doubled to about 0.49 under Reagan and Bush 1. Clinton brought it down to about 0.33. I'm surprised to see it didn't grown much through most of the Shrub admin. Then it went vertical through the Great Recession.
The Rethugs have been guilty of grotesque fiscal irresponsibility since Reagan. Clinton, for all his imperfections, was a far better steward of the nation's wealth and resources than any president since Johnson.
But we all knew that, didn't we.