Friday, August 29, 2003

Paul Krugman writes:

"...even the government of a superpower can't simultaneously offer tax cuts equal to 15 percent of revenue, provide all its retirees with prescription drugs and single-handedly take on the world's evildoers — single-handedly because we've alienated our allies. In fact, given the size of our budget deficit, it's not clear that we can afford to do even one of these things. Someday, when the grown-ups are back in charge, they'll have quite a mess to clean up."

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