[lbo-talk] Fiscalopolypse ?

Doug Henwood dhenwood at panix.com
Sun Sep 12 14:24:54 PDT 2004


ira glazer quoted:


>Yet whoever wins the 2004 race will become the first U.S. president
>to confront what sober-minded experts across the political spectrum
>describe as an impending "fiscal catastrophe" lying right around the
>corner.

Not really. The 'crisis' isn't really a crisis, and even according to those who say it is, it's decades away. The austerity party is mobilizing again.

The short-term problem is that the boy president cut taxes on rich people, and the economy kinda stinks. It's not much more complicated than that.

Doug



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