3min chapter

The Dig cover image

The New Democrats w/ Lily Geismer

The Dig

CHAPTER

What Does That Conflict Between Growth and Deficit Reduction Entail?

Newt Gingrich: The conflict between increased government investment on the one hand and deficit reduction on the other is revealing. What does that reveal about new democrat politics? And more particularly, what does it reveal that when the theoretical rubber hit the road of governmance, that this more interventionous line of new democratic policy advocated by rich got sidelined by street interests? He says clinton was dubious of arranging his economic agenda around the desires of bond traders but yet he did.

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