Greg Sargent points out John Boehner channels Abraham Lincoln.
"In his memo to House Republicans, John Boehner cites a quote from Abraham Lincoln that, he says, supports the current GOP position on the evils of government spending and debt…But as Luke Johnson points out, Boehner left out the part of the quote where Lincoln called for higher tariffs or taxes. That’s fun. But I would go a step further. It isn’t just that Lincoln believed in increased revenues to pay down debt. Lincoln was also a firm believer in spending public money on infrastructure and boosting the economy."
Krugman adds, "But wait: there’s more. Lincoln’s most dramatic departure from standard economic policy was … drumroll .. debasing the currency."
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