… It’s easy to think that the deficit and debt reduction battles are undergirded by hard philosophical principles, but when you look at the issue over the years, it comes down to a question of timing. It’s not whether to make cuts, but when. And the way people decide the timing doesn’t follow a simple partisan red/blue breakdown.
If you want a good sense of where Democrats and Republicans stand on Washington’s red ink, you don’t need to ask about deficits or GDP growth or federal spending. The better question may be who occupies the Oval Office. [cont.]
Dante Chinni, Wall Street Journal