Blog Archive

Blog Archive

Monday, July 26, 2010

postheadericon The debt spill

The presidency of Barack Obama may end up defined by his handling of two immense and intractable crises.  In the Gulf of Mexico, the BP oil spill has Louisiana swimming in a sea of oil.  And in Washington, a bloated federal budget has America drowning in a sea of debt.  Though these problems might at first seem unrelated, a closer look reveals that their causes, and their solutions, have much in common.

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