
It doesn't have a name, but it probably should: the axiom that when budgets and taxes and debt increasingly dominate politics in Washington, utterances of the words "Reagan" and "Thatcher" climb exponentially.
As detailed at length here, high-profile GOP presidential hopefuls constantly extol the former British Prime Minister. That's true whether it's to bash President Obama, or burnish their own conservative bona fides, or both.
And, of course, Ronald Reagan's decades-long reign as the Patron Saint of conservatism never really lets up, no matter what the issue du jour in DC.
But two days after Congressional Republicans took a pass on a $4 trillion fiscal reform grand bargain because Democrats insisted that a minority of the deficit reduction come from new tax revenue, it's worth reviewing the Thatcher and Reagan records on spending, taxes, and debt -- and recalling that the transatlantic Tory twins didn't mind spending money, and weren't nearly as averse to tax increases as are their idolators in the U.S. Congress today.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)They say the sun never sets on an English friendship. Certainly that's the case in the Republican primary this year, where Ronald Reagan's partnership with Margaret Thatcher comes up often in speeches, interviews, and even campaign slogans.
Britain's "Iron Lady," famed for her free market ideals and tough-minded style of governance, has always been a popular figure in Republican circles across the pond, but she seems to have taken on new relevance in recent years for the party's leading lights. While George W. Bush identified strongly with wartime Prime Minister, Winston Churchill, as he struggled to prosecute the War on Terror, national security has fallen far down the list of priorities for the party and the field is significantly divided on foreign policy. Instead, the focus is on the weak economy, which is clearly Maggie's wheelhouse.
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