The long view of how we got here.

September 27th, 2010 by Rick Drain

Here’s a fascinating op-ed from the New York Times.

The author, David Stockman, was the first director of the Office of Management and Budget under President Ronald Reagan.

Opinion
Four Deformations of the Apocalypse
By DAVID STOCKMAN
Published: July 31, 2010

How my Republican Party destroyed the American economy.

“If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. …”