Re: Doesn't the GOP remember when Dick Cheney said; "Deficits don't matter"?

dick cheney isn't in office

the GOP is being taken over by people  who read Bastiat, Hayek and Mises

not Arlen or Cheney

if you or any other pro-regressives were literate you could follow along and at least understand them.  but Madge, you aren't

On Tue, Dec 21, 2010 at 11:27 PM, studio <tlack@hotmail.com> wrote:

Former Treasury Secretary Paul O'Neill was told "deficits don't
matter" when he warned of a looming fiscal crisis.

O'Neill, fired in a shakeup of Bush's economic team in December 2002,
raised objections to a new round of tax cuts and said the president
balked at his more aggressive plan to combat corporate crime after a
string of accounting scandals because of opposition from "the
corporate crowd," a key constituency.

O'Neill said he tried to warn Vice President Dick Cheney that growing
budget deficits-expected to top $500 billion this fiscal year alone-
posed a threat to the economy. Cheney cut him off. "You know, Paul,
Reagan proved deficits don't matter," he said, according to excerpts.
Cheney continued: "We won the midterms (congressional elections). This
is our due." A month later, Cheney told the Treasury secretary he was
fired.

The vice president's office had no immediate comment, but John Snow,
who replaced O'Neill, insisted that deficits "do matter" to the
administration.

Source: [X-ref O'Neill] Adam Entous, Reuters, on AOL News Jan 11, 2004
---
Do they remember?
Answer; no, they don't even remember having a President, or what his
name was.
That's why they're the Stupid Party.

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