Many of the photos from Katrina reminded us of similar photos taken in third world countries. Now, the IMF (International Monetary Fund) gives us another reminder of how far we have strayed in governing this nation in an intelligent, humane fashion.
Their latest report on the state of the world economy casts doubt on the reach of and the ability to achieve the administration's goal of halving the deficit by 2009. First, the goal is too modest and ignores the looming dramatic increases in Social Security and Medicare. Second, it can't be achieved without increased revenue, i.e., taxes, plus fiscal discipline.
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