A Fake Crisis

April, 2012

WHY WE SHOULDN'T OBSESS OVER OUR BUDGET DEFICITA president warns the nation of a looming threat to national security. A congressional bipartisan wave builds to meet the threat, spurred on by the editorial boards of leading newspapers and backed by reams of policy papers. The nation hur­tles forward to face the enemy. Dissenting voices are drowned out.Does this sound like the hysteria leading up to theIraq war? Indeed. But this time it's the growing drumbeat around the debt "crisis."The...