Let there be no doubt: Democrats are the party with two ideas: borrow and spend. The only vigorous internal debate on the left revolves around two questions: How much and how much more?
Even as the first trillion-dollar stimulus craters, the debt-o-crats are floating yet another grand act of generational theft to create the illusion of jumpstarting the economy.
Call it Spawn of Spendulus. Return of the Porkulus Beast. Crap Sandwich Redux. White House economic adviser Laura D’Andrea Tyson told an international economic conference: “We should be planning on a contingency basis for a second round of stimulus.”
Team Obama flack Robert Gibbs says the president isn’t “ruling anything out, but at the same time he’s not ruling anything in.” Despite the inconvenient fact that less than 10% of the initial stimulus has been spent (or misspent), congressional Democrats remain “open” to the idea of digging a deeper fiscal hole for your children and grandchildren.