Quote of the Day
November 12, 2012

''I don't know how seriously to take the buzz about
appointing Erskine Bowles to replace Timothy
Geithner. But in case there's any reality to it, let's
recall his record. Mr. Bowles, like others in the
deficit-scold community, has indulged in scare
tactics, warning of an imminent fiscal crisis that
keeps not coming. Meanwhile, the report he co-
wrote was supposed to be focused on deficit
reduction - yet, true to form, it called for lower
rather than higher tax rates, and as a "guiding
principle" no less. Appointing him, or anyone like
him, would be both a bad idea and a slap in the face
to the people who returned President Obama to
office. '

Economist Paul Krugman 
New York Times
November 12, 2012

http://tinyurl.com/a24bxsm