WaxWorks
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Wednesday, February 12, 2003
Are you feeling like this debate about the Bush Budget is some kind of "Freaky Friday" reversal -- with Democrats arguing for a balanced budget and Republicans saying it doesn't matter? Remember the days of the Balanced Budget Amendment in the mid '90s? Well, here's a quote from Tom DeLay in 1997 about the importance of budget deficits vs. tax cuts:
Being half in love with deficits represents a remarkable shift in thinking from the group's early days, which were consumed with balancing the budget. Members of the group, still known on Capitol Hill as the Cats from their former name, the Conservative Action Team, were among the strongest advocates for a balanced budget amendment to the Constitution. Representative Tom DeLay of Texas, the committee's chairman in the early 1990's, called it a higher priority than cutting taxes.
"Jack Kemp worships at the altar of tax cuts," Mr. DeLay, now the House majority leader, said derisively in 1997 of the party's best-known supply-side theorist. "Jack has always said that deficits don't matter. We think that deficits do matter."
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