She said that the choice between deficit reduction and growth was a false one and called on Europe to boost growth by structural reforms, not by spending more.
Republicans, on the other hand, have desecrated the limited-government legacies of Reagan, Goldwater, and our founders by embarking on spending orgies with borrowed money -- a form of deferred taxation and financial repression -- while hiding beyond false pledges of tax purity that have made tax reduction and simplification much more difficult to achieve.