The Bleeding Heart Liberals over at Bloomberg
, call for a fiscal reality check:
Bring back the Clinton administration. Well, maybe not all of it, but at least its spending habits.
While the Bush administration is celebrating the growing economy and pointing to its tax cuts as the reason for last week's news about a smaller budget deficit, there is this one glaring reality: Spending growth under George W. Bush has been almost four times as high as it was during the same period of Bill Clinton's presidency.
No two-term president in post-war U.S. history has ever presided over a spending binge this monumental in his first six years in office.
As a side note, the author of this piece, Kevin Hassett, was the chief economic adviser to Senator John McCain during the 2000 primaries.