(S)ome of the most self-righteous deficit hawks are actually much more concerned with using deficits as an excuse to dismantle the social safety net than with, you know, reducing deficits. Notably, David Walker decided, a week before the election, to endorse Mitt Romney — even though Romney had proposed a $5 trillion tax cut to be offset by loophole closing he declined to specify, not to mention an increase in defense spending the Pentagon said it didn’t need.
As an aside, Walker’s timing was interesting. If you were following the election quants, you already knew that Obama was a clear favorite to win — 3 to 1 according to Nate Silver, much more than that according to Sam Wang. So why would Walker — whose popular following might include some but not all of his immediate family — throw his support to the likely loser? Probably because he was listening to the wrong people, and actually believed the stuff about Romneymentum.
Krugman Put Down: Bridgeport’s Own David Walker
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