Letter From Washington / Bankrupting America: How We Got Here, Why We’ll Stay Here, What It Means
It took less than a decade, a mere blink of an eye in historical terms, for America‟s fiscal fortunes to plunge from surging budget surpluses to soaring debt, from fiscal responsibility to fiscal recklessness. In 1998, President Clinton and Congress balanced the federal budget for the first time in nearly 30 years. Their achievement reflected …