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Blue Dogs Take Aim At Record Deficits

In her coverage of the Blue Dog Coalition, a group of 40 House Democrats committed to balancing the budget, The Washington Post‘s Lori Montgomery speaks to Democracy Co-Editor Andrei Cherny

By The Editors

In her coverage of the Blue Dog Coalition, a group of 40 House Democrats committed to balancing the budget, The Washington Post‘s Lori Montgomery speaks to Democracy Co-Editor Andrei Cherny, among others, about the Democrats’ relationship to fiscal discipline. Writes Montgomery:

Richard Kogan, a senior fellow at the Center on Budget and Policy Priorities, said Democrats were able to hold together in part because, in this political environment, fiscal discipline means opposing efforts by a Republican White House to extend Bush’s tax cuts past their 2010 expiration date, a move that would deprive the federal government of billions of dollars in revenue.

But that consensus is likely to evaporate if a Democrat wins the White House next year, said Andrei Cherny, co-editor of Democracy, a quarterly journal devoted to liberal ideas. The magazine is hosting a forum today titled, “Balanced Budgets: Holy Grail or Overrated?” featuring such Democratic heavyweights as former Treasury secretary Lawrence Summers; Clinton economic adviser Gene Sperling; former Virginia governor Mark R. Warner; and Jeff Faux, founder of the Economic Policy Institute, a District think tank.

What is now a consensus in Congress will quickly dissolve into a real vigorous debate about what is most important. The trade-offs are fiscal discipline versus health care and energy independence and all the other things Democrats believe in passionately,” Cherny said.

Read the full article here.

The Washington Post

The Editors of Democracy: A Journal of Ideas are Michael Tomasky (Editor), Jack Meserve (Managing Editor), and Sophia Crabbe-Field (Associate Editor).

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