Economics
Circular Logic
Tom Friedman accurately summarizes the McCain/Clinton tax holiday: This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country. When the summer is over, we will have increased our debt […]
Tom Friedman accurately summarizes the McCain/Clinton tax holiday:
This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country.
When the summer is over, we will have increased our debt to China, increased our transfer of wealth to Saudi Arabia and increased our contribution to global warming for our kids to inherit.
