Granted David Ignatius is even more of an idiot about economic matters than most Villagers, but Matt Yglesias (via Atrios) poses a very good question:
We have in this country one political party that doesn’t care at all about the budget deficit. And we have another political party that gets crapped on by the establishment every time it attempts to deal with deficits. Under the circumstances, how long can it possibly be until we have two parties that evince Bush/Reagan-esque levels of concern for the deficit?