"Yes, our five-year war was totally financed by borrowing. But unfortunately, 'deficit spending gives the illusion that the laws of economics can be repealed. They cannot. Americans will have to pay for the war at some point -- and when they do, they will be paying not the Bush markdown but the full price'"
Startling honesty from a corporate media source. Editors today appear to be letting their writers run free; do you suppose they want some credibility when the crash comes?
Aside from the Social Security hysteria (the problem is Medicare, not SS); this piece lays out many of the reasons the Bush economic policies and former Republican rule have set us up for a huge mess in the coming years.
Ten reasons your taxes are going up no matter what - MarketWatch
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