New York Times December 5, 2003
Looting the Future
By PAUL KRUGMAN OP-ED COLUMNIST
... In the early months of the Bush administration, one often heard that "the grown-ups are
back in charge." But if being a grown-up means planning for the future — in fact, if it means anything beyond marital
fidelity — then this is the least grown-up administration in American history. It governs like there's no tomorrow.
Nothing in our national experience prepared us for the spectacle of a government launching a war, increasing
farm subsidies and establishing an expensive new Medicare entitlement — and not only failing to come up with a plan
to pay for all this spending in the face of budget deficits, but cutting taxes at the same time. ...
What really makes me wonder whether this republic can be saved, however, is the downward spiral in governance,
the hijacking of public policy by private interests. ...