October 14, 2007

IF THE DEFICIT FALLS AND NO ONE REPORTS IT, does it make a sound?

Not much of one, except in the blogosphere. “The U.S. budget deficit fell to the lowest level in five years last week, but three of America’s leading newspapers — the New York Times, Washington Post and Los Angeles Times — couldn’t find the space to mention the dramatic drop. . . . Does anyone seriously believe that the news would have been almost completely ignored if the deficit had instead gone up?”

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