As things stand there is no need for the
Administration to decide on this, since
there are still surpluses. I detect no
shift in doctrine away from opposition
to deficits, though they clearly view
the present situation as an exception
that permits deficits.
Corporatism is coming down the pike, and
suggests a shift away from surpluses over
the long run as well as now. One can see
this in the virtually instant readiness
to bail out the airlines, and in the raft
of corporate tax breaks that are going to
be considered ("to encourage the investor
to take risks").
mbs
Is Bush really against deficit spending?
Mark
