The Bipartisan March to Fiscal Madness - NYTimes.com

David Stockman, the face of Reaganomics as the OMB Director, offered this analysis in this morning's New York Times of the shortcomings of the budget plans of both President Obama and Representative Ryan and how both approaches foster class warfare. The sharpness and comprehensive scope of Stockman's analysis causes me to link this column, for we will need clear, partisanship-be-damned vision to get our fiscal and economic house in order.

The Bipartisan March to Fiscal Madness - NYTimes.com

Budget Battles - Tax and Spending Myths and Realities - NYTimes.com

I include this column here because the enduring perspective that tax cuts are always good and tax hikes always kill the economy needs a cold water splash of fact, and this New York Times column outlines the record under Reagan, Clinton, and Bush the younger in a useful way. By the way, I was a Reagan Republican (before the GOP scared me out of the party in 1992) so seeing his record is a bit painful for me. But the record under Clinton's budget-surplus years is irrefutable.

Budget Battles - Tax and Spending Myths and Realities - NYTimes.com