From this AMs WaPo, a former president says the focus right now should be on growth, not deficit reduction:
[George W.] Bush also seemed to suggest that, as the country climbs out of a recession, the focus on the budget deficit should take a back seat to the focus on growing the economy.
“Most of the political debate — and I guess rightly so — is about our balance sheet,” Bush said. “But we believe that, in order to solve the balance sheet, first and foremost, you’ve got to grow the private sector. And therefore, the focus ought to be on private-sector growth.”
Those comments seem to fly in the face of the new tea party-influenced Republican Party, which has been pushing the debate more towards spending cuts.
But Bush said a bigger economy would eventually eclipse the exploding national debt.
This same fellow, a few weeks back, quite correctly reflected on the importance of the government’s interventions to save GM and Chrysler.
He also, in this morning’s article, argues in favor of making his eponymous tax cuts permanent, so we’re not totally on the same page. But these days, when prominent R’s stand up to the deeply damaging economics of the rest of their party, it’s notable and praiseworthy.