Another MMTer

White House jack-of-all-executive-branch-positions and former Tea Party congressman Mick Mulvaney reaffirmed Tuesday that he is abandoning his interest in bringing fiscal responsibility to the federal government. Asked during a panel discussion at the Peter G. Peterson Foundation if he was still a deficit hawk, the acting chief of staff said, "Show me the majority for cutting spending."Sadly, he probably has the politics right. As Kate Davidson wrote in The Wall Street Journal today, Republicans, Democrats, the general public, and even some economistshave all lost interest in reducing deficits over the past few years.Instead, Mulvaney argued for reducing the rate of spending growth so that revenues can grow faster than government expenditures. According to Mulvaney, sustained economic growth of 3 percent annually would make a dent in the deficit by increasing the amount of revenue the government collects.But that sort of growth is probably unrealistic—and even if it does happen, it won't be enough to bring the budget into balance.