Corporate Media Continues To Feature Karl Rove - What Happened to "Deficits Don't Matter"?

[Median Democrat]

Will any journalist have the guts to ask Karl Rove about the following exchange between Paul O'Neill and Dick Cheney that is featured in Paul O'Neill's book:

/snip

Former Treasury Secretary Paul O'Neill was told "deficits don't matter" when he warned of a looming fiscal crisis.
O'Neill, fired in a shakeup of Bush's economic team in December 2002, raised objections to a new round of tax cuts and said the president balked at his more aggressive plan to combat corporate crime after a string of accounting scandals because of opposition from "the corporate crowd," a key constituency.

O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.

The vice president's office had no immediate comment, but John Snow, who replaced O'Neill, insisted that deficits "do matter" to the administration.

/snip

[eleny]

1. I've been waiting for talking heads to start repeating that famous Cheney quote

Sarcastically, of course. But I don't think any of them has done it. Not even Keith.

I hope I'm wrong.

Great book, btw. I never in my life thought I'd ever have respect for an Alcoa bigwig. :D

[Median Democrat]

2. No journalist has the guts to ask a Cheney or Rove about this quote...

...particularly with the GOP now trying to portray itself as the party of fiscal responsibility.