But the people now running America aren't conservatives: they're radicals who want to do away with the social and economic system we have, and the fiscal crisis they are concocting may give them the excuse they need. The Financial Times, it seems, now understands what's going on, but when will the public wake up???
That from Krugman and the NYT. Federal taxes are already historically low compared to the GNP, he points out. What happens when they dip below that, and we don't have the money to pay for programs that didn't exist last time taxes were this low? A train wreck? And that's what the extremists are hoping for.Posted by James at May 30, 2003 11:18 AM