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Deficit Reform as Cultural Transformation

David Marion of Hampden-Sydney College has a thoughtful piece with Ashbrook on "Deficits and Cultural Politics."

Deficit politics in 2011 is reminiscent of racial politics at the time of Brown v. Board of Education in the mid-1950s. It took several decades, and legislation such as the Civil Rights Act of 1964 and the Voting Rights Act of 1965, for the expectations embedded in the Brown ruling to be realized in communities across America. In much the same way, a sustainable solution to our long-term deficit problem is unlikely in the absence of a significant cultural transformation.

Marion traces the cultural shift which accompanied and propelled deficit spending, while honestly assessing the difficulties and rewards of a renewed "culture of realistic expectations." Sobering, thoughtful and timely words on an issue of paramount importance.

Categories > Economy

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