An Economy Not Built on Solid Ground
Faced with crisis, the White House and Congress turned to fiscal stimulus that’s not only itself unsustainable, but that’s also unable to provide a firm foundation for lasting recovery.
Sooner or later, the US will have to pay the piper in the form of reduced government services, some more needed than others, and substantially higher taxes for households and businesses. This is one trillion-plus-dollar beast that could stand to benefit from a leak.
This cartoon came to our attention from a Financial Times opinion piece on how today’s Keynesians have learned nothing.