Wednesday, October 26, 2011

An economist featured in Inside job (still) lectures us : "The main culprits are Social Security, Medicare and Medicaid"

In article featured in Business Week, this economist downplays the financial crisis as a cause of the economy's ailments, notably public sector debt, blaming them, instead on the usual suspects shown in the title. He was instrumental in the design of the 2003 Bush Tax cuts, which, it is no secret (but some think tanks dispute it), favored the richest households and a shot a big hole in subsequent budgets.

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