Deficit Blues

Nearly two hundred and fifty years ago, Benjamin Franklin observed that it is “better to go to bed supperless than wake up in debt.” During the past four and a half years of the Bush administration, the American people have bought supper on credit and supersized the debt left to their children.

On May 11, with scarcely a peep from Congress, President George W. Bush signed an $82 billion supplemental appropriation for the war in...

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