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  Friday  February 21  2003    01: 09 AM

economy

The George W. Diet
Lose unsightly pounds by eating like a pig.
By Michael Kinsley

Suppose you had a friend who was grossly overweight for years but lately had been looking very trim. Suddenly, though, he puts on 30 or 40 pounds and is waddling around like his old porcine self. He explains that he's found a marvelous new diet: "You eat like a pig and stop exercising until you get so fat that you just have to lose weight." Would you say that your friend is kidding himself?

And if your friend went on to complain that he was getting fat because other people were eating too much, and this diet was the only way to stop these other people from putting those unsightly pounds on him, would you think his self-delusion was becoming clinical? Or would you start to suspect that the joke is on you?

Yet this is essentially the logic adopted by the Bush administration and the Republican congressional leadership to rationalize turning the federal budget surplus back into huge deficits. They say that deficits are actually a good thing—despite what you may have heard from Ronald Reagan and almost every Republican before and since—because deficits create pressure for smaller government. "Conservatives Now See Deficits as a Tool to Fight Spending" was the headline on a recent New York Times article quoting a slew of them—including the chairman of Bush's Council of Economic Advisers, Glenn Hubbard.
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  thanks to Tapped


Economic Stimulus

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