Budget Deficit Hysteria
Budget Deficit Hysteria: A Right-Wing Ploy to Defund Vital Government Social Programs
The Boys Who Cried Debt: The Case Against Cuts
Joseph M. Schwartz
Republicans and conservative Democrats are whipping up public hysteria about the debt ceiling and the size of the federal deficit to justify cutting social programs that benefit the middle and working class. These scare tactics are hypocritical because conservatives militantly pushed for these same cuts when the federal budget was in surplus during the Clinton administration. The United States is not broke. The long-term deficit problem has not been caused by wasteful social spending, as the right contends, but by conservatives’ thirty-year project of starving federal, state and local governments of revenue via tax cuts for the affluent and for corporations. As conservative activist Grover Nordquist quipped during the Reagan era, the goal of the right is to reduce the size of government and drown it in the bathtub. Of course, the “deficit problem” can readily be fixed without cutting Social Security or Medicare if we enact government policies that force the rich and corporations to pay their fair share in taxes and that curtail wasteful “defense” spending.
The Republican leadership never tells the public that well over half of the deficit spending from 2008-11 has nothing to do with the Obama administration’s policies. Rather, it is due to the lost revenue from the Bush tax cuts and excessive military spending,
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