flashback - Is the Deficit Really So Bad? [View All]

[treepig]

the atlantic monthly is currently posting a "flashback" article (written in 1989) considering the deficits under reagan, and what the country "learned" from that mis-guided era - and now since history appears to be repeating itself, it appears the lessons will have to be learned anew . . .


"To break the long-standing covenant with future generations is a social decision of the gravest import.... Is this the right thing to do?" In 1989, as the deficit under the first Bush Administration soared, Jonathan Rauch considered the consequences.

http://www.theatlantic.com/politics/budget/rauchf.htm