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Fiscal Patriotism

Posted on December 04, 2010

Floyd Norris objects to framing budget reductions that could make recovery from the recession more dificult as patriotic: Fiscal Patriotism: Pete Peterson, the former cabinet secretary turned private equity billionaire, has been the No. 1 crusader against deficit spending. The fact that there seems to be a political consensus to cut spending when the economy is weak is a testament to his success.Today he put out a statement on the deficit reduction commission vote. I have italicized one phrase.The work of this commission has clearly demonstrated the need to address our nation's unsustain...

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deficit , economic , economy , fiscal