08 May 2007

The Most Interesting Thing We Haven't Noticed

This seems like the most interesting thing we haven't been talking about. Lori Montgomery, from today's Washington Post, "The Cost of War, Unnoticed":

"This may be the first war in history -- in the history of the world-- in which there was a tax cut rather than a tax hike," said Alan S. Blinder, a Princeton University economist who was vice chairman of the Federal Reserve in the Clinton administration.
(Emphasis Mine)
It's true, isn't it, that this is going to bite us hard down the road.