A Country In Denial About Its Fiscal Future -- Robert J. Samuelson, Washington Post
There are moments when our political system, whose essential job is to mediate conflicts in broadly acceptable and desirable ways, is simply not up to the task. It fails. This may be one of those moments. What we learned in 2011 is that the frustrating and confusing budget debate may never reach a workable conclusion. It may continue indefinitely until it’s abruptly ended by a severe economic or financial crisis that wrenches control from elected leaders.
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My Comment: You would think that with the Tea Party victories last year, Congress would have realized that the electorate wants change .... hmmmm .... apparently not. With the White House (and Congress going along with it) demanding more borrowed money, the hard decisions are just being kicked down the road to another time. But unlike the Americans, for the Europeans that time is now.
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