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Accident Quote by Thomas Frank

“Maybe that first, gigantic deficit the Reaganites piled up was an accident, just a combination of deluded 'supply side' tax cuts and a huge bag of good stuff for the Pentagon. But pretty quickly conservatives discovered that deficits, when done correctly, did something really cool: deficits…” quote by Thomas Frank
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“Maybe that first, gigantic deficit the Reaganites piled up was an accident, just a combination of deluded 'supply side' tax cuts and a huge bag of good stuff for the Pentagon. But pretty quickly conservatives discovered that deficits, when done correctly, did something really cool: deficits defunded the Left.”

Thomas Frank

About This Quote

Source Book: The Wrecking Crew by Thomas Frank, 2008

Deficits can be used strategically by conservatives to weaken left‑wing policies, turning fiscal shortfalls into political tools.

In simple terms: Conservatives turn deficits into political weapons against the Left.

Key Takeaway

Use fiscal policy strategically.

Themes

politics economics strategy

Mood

critical analytical

Type

political economic

When to use this quote

  • election campaigns
  • budget negotiations
  • policy advocacy

Key Concepts

deficit spending political maneuvering supply side economics

Questions to Reflect On

  • How do deficits affect public trust?
  • Can short‑term political gains justify long‑term debt?
A Different Perspective

Deficits may harm long‑term fiscal health and public services.

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