Comment Re:George Bush vetoed Little Timmy's future! (Score 1) 226
This is literally what "Two Santas" refers to. There is a name for it, and it is deliberate and intentional. Republicans don't overspend and undertax when they have power because they are bad at governing, they do it because they are evil, because it puts money in the pockets of their base AND it gives them leverage to harm their opponents when they lose power. It's a NOW and LATER, it is two Santas.
For anyone interested, this is the original article by Wanniski detailing "the Two-Santa Claus Theory of the political economy":
- Wanniski, Jude. (1976). Taxes and a Two-Santa Theory. National Observer. March 6, 1976.
Original article reposted below on this page and discussed on this page.