New York Times :: Looting the Future [Paul Krugman]
Article

> Nothing in our national experience prepared us for the
> spectacle of a government launching a war, increasing farm
> subsidies and establishing an expensive new Medicare
> entitlement - and not only failing to come up with a plan
> to pay for all this spending in the face of budget
> deficits, but cutting taxes at the same time.
>
> Recent good economic news doesn't change the verdict. These
> aren't temporary measures aimed at getting the economy back
> on its feet; they're permanent drains on the budget.
posted by Tomohiro Idokoro @ 5:15 PM

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