Diane Trout (alienghic) wrote,
Diane Trout
alienghic

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Banana Republic

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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