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Banana Republic

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Nov. 13th, 2003 | 12:41 am
mood: vindicated

Paul Krugman is an actual economics professor, and these comments reminded me of my own intuitive feel that the Bush administration is trying to run the country like the stereotypic latin america dictatorship. (Oh wait, weren't most of those US sponsored?)

We have the finances of a banana republic right now. If current tax rates and current programs continue, at some point the U.S. government will simply be unable to pay its debts – and long before that point happens, industries will pull the plug.

Geez, we have a budget deficit that's bigger compared with the size of our economy than Argentina before their 2001 crack-up. We have a trade deficit that's bigger compared with the size of our economy, than Indonesia before its 1997 crack-up

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her other side

(no subject)

from: saltbox
date: Nov. 13th, 2003 06:53 am (UTC)

If you want to have a bipartisan link to cite to skeptics, here's one:
http://www.cbpp.org/9-29-03bud-pr.htm. I've seen too many Republicans roll their eyes at Krugman, though I like him myself.

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