Thursday, May 6, 2010

the politics of evasion

"I’m not saying this to single out the Brits, because the politics of evasion has infected almost all western societies, including our own. Just about everyone knows that the U.S. government will have to turn toward fiscal restraint, for the simple reason that we can’t keep borrowing a trillion dollars a year (and turning over a total of five trillion a year in public debt) without incurring burdensome interest payments and running grave risks. But almost no one running for office is talking about this challenge in more than vague generalities."

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