Krugman, in his vituperative manner, attacks the conservative agenda, argues that income redistribution is a good thing and makes at least one valid point. Foreign lenders are critical to our ell-being in a global economy. But he does so in his fear-mongering way, apparently blinded by his hatred that Republicans control the White House and the Congress. What a hate-filled man he is.
"The best bet now is that Mr. Bush will manage to make the poor suffer, but fail to make a dent in the great middle-class entitlement programs.
And the consequence of the failure of the starve-the-beast theory is a looming fiscal crisis - Mr. Greenspan isn't wrong about that. The middle class won't give up programs that are essential to its financial security; the right won't give up tax cuts that it sold on false pretenses. The only question now is when foreign investors, who have financed our deficits so far, will decide to pull the plug."
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