Sunday, February 26, 2023

Opinion | Wonking Out: Conservatives Face a Rude Fiscal Awokening - The New York Times

Many House Republicans are reportedly listening to Russell Vought, Donald Trump's former budget director, who has a new think tank and has been circulating a budget proposal titled "A Commitment to End Woke and Weaponized Government," which purports to show a way to balance the budget without touching Medicare and Social Security. The document uses the word "woke" 77 times, and — weirdly for a fiscal blueprint — also manages to mention critical race theory 16 times. 

Anyway, the proposal relies in part on magical thinking — the assertion that conservative economic policies will cause a burst of economic growth that in turn increases tax receipts. Such claims have, of course, never — and I mean never — worked in practice. But it's difficult to get politicians to understand something when their careers depend on their not understanding it...

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