Friedman hits the nail on the head:
"In America, President George W. Bush used the post-9/11 economic dip to push through a second tax cut we could not afford. He followed that with a Medicare prescription drug entitlement we cannot afford and started two wars in the wake of 9/11 without raising taxes to pay for them — all at a time when we should have been saving money in anticipation of the baby boomers’ imminent retirement. As such, our nation’s fiscal hole is deeper than ever and Republicans and Democrats — rather than coming together and generating the political authority needed for us to take our castor oil to compensate for our binge — are just demonizing one another."
Find the full article here: http://http://www.nytimes.com/2011/06/01/opinion/01friedman.html?_r=1&ref=opinion
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