A Nobel-winning economist has some comments about our
current fiscal situation:
href="http://www.vanityfair.com/politics/features/2007/12/bush200712?currentPage=1">The
Economic Consequences of Mr. Bush
The next president will have to deal with yet another
crippling legacy of George W. Bush: the economy. A Nobel laureate,
Joseph E. Stiglitz, sees a generation-long struggle to recoup.
by
rel="tag">Joseph E. Stiglitz December 2007
When we look back someday at the catastrophe that was the
Bush administration, we will think of many things: the tragedy of the
Iraq war, the shame of Guantánamo and Abu Ghraib, the
erosion of civil liberties. The damage done to the American economy
does not make front-page headlines every day, but the repercussions
will be felt beyond the lifetime of anyone reading this page...
I suppose it is easy to say this now, when things are unraveling like
line from a trout-fishing reel. Still, I think we have to pay
attention to a guy who was one of the architects of the Clinton surplus.