Stockton’s ‘Four Deformations of the Apocalypse’
August 05, 2010 at 09:56 AM EDT
Four Deformations of the Apocalypse By David Stockman July 31 (NYT) — If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation’s public debt — if honestly reckoned to include municipal bonds and the $7 trillion of new [...]