Max & Doug & the budget

Doug Henwood dhenwood at
Thu Feb 11 07:00:28 PST 1999

Max, since you actually understand Clinton's plan, could you speculate on why it's so damn complex? What's the fundamental point of political economy that the three-card-monte-ish scheme is meant to disguise? And, how does this proposed paydown differ from the post-WW II paydown, which coincided with a great boom?


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