I was thinking today about how to describe supply side economics to someone who doesn’t follow either economic news or political news, and the best I came up with was “The theory that predicted that the economy would crash under Clinton and flourish under George W. Bush.”
And then Digby dug up this classic from 1996:
Mr. Kerrey says that without reform, entitlements will claim 100 percent of the Treasury in 2012.
“This is not caused by liberals, not caused by conservatives, but by a simple demographic fact,” Mr. Kerrey warned at a meeting of the Democratic Leadership Council.
If we lived in a sane country, this man would have been laughed out of politics when he made that statement. Instead, he’s running for Senate.