“You and I as individuals can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we are not bound by that same limitation?” — Ronald Reagan’s first inaugural address, 1981

vs.

“GLENN HUBBARD, chairman of the White House’s Council of Economic Advisers … derides the ‘current fixation’ with budget deficits, and labels as ‘nonsense’ and ‘Rubinomics,’ the view espoused by former Clinton Treasury Secretary Robert Rubin that higher deficits lead to lower growth.” — The Wall Street Journal, Dec. 17

"...Even more astonishing is that the Republican propaganda machine is trying to stamp “Clinton” all over one of the cornerstones of Reaganism."

A lot of funny material here!
"The Republicans’ newfound fondness for budget deficits"