Newst from Friedman

Thomas Friedman makes an excellent point (as always) in his latest column about the tough changes and tasks in store for our political leaders (and us) -

But the really hard stuff lies ahead: taking things away. We are leaving an era where to be a mayor, governor, senator or president was, on balance, to give things away to people. And we are entering an era where to be a leader will mean, on balance, to take things away from people. It is the only way we’ll get our fiscal house in order before the market, brutally, does it for us.

Can we - as a society - return to the thrifty and conservative ways of our ancestors who dug their way out of fiscal calamity? While it will be difficult, I like Friedman's analogy -

Everyone knows the first rule of holes: When you’re in one, stop digging. But people often forget the second rule of holes: You can only grow your way out. You can’t borrow your way out.


The good news is that Friedman has a new book in the works. Can't wait for that.