If it's in the News, it's in our Polls. Public opinion polling since 2003.

 

Inflation Looms: O's Deficit Dilemma

A Commentary By Dick Morris

Thursday, June 11, 2009

Deficit spending has always been Americans' bete noir; the gospel of balanced budgets is deeply ingrained in our political and economic psyche. Through all the Keynesian experiments of the '60s and '70s, voters remained committed to a balanced budget. They worried as deficits rose in the Reagan years -- then calmed as the economy turned up.

But when the news turned bad under the first President George Bush, they blamed the deficit -- the issue was a major source of Ross Perot's appeal in the 1992 election. And when President Bill Clinton (and a Republican Congress) finally balanced the budget, the economy bloomed -- reinforcing public beliefs about the dangers of deficits.

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