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February 2013



Bogus Fiscal Crisis

February 05, 2013 – Comments (51)

Over the last six months, I have gotten increasingly agitated at the consensus that has developed that we have a debt and fiscal crisis in the US.  I attributed much of the noise coming from those who were telling us to watch out for the falling sky to a political agenda with the election approaching.  Nevertheless, I have been unable to clearly articulate the opposite case - that we don't have a fiscal crisis - we have a an impending disaster from those who want to fix the debt challenge we have with austerity - and that would be the true crisis.  [more]

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