It's the same sort of thing conservatives think they've caught Paul Krugman doing. It comes down to two things: what interest rates are when the government borrows money, and what it borrows the money for. Government borrowing will once again push interest rates up, offsetting the stronger public sector with a weaker private one. It isn't hypocritical to point out that borrowing money to invest in infrastructure makes more sense than borrowing money to cut taxes for the rich, especially when borrowing money isn't the reduced-price lunch it was before. Nor is it intellectually dishonest to say that what was good stimulus before is still good policy today.

Source: Washington Post January 13, 2017 15:38 UTC