Riding for a Fall

This is my second post about Pete Peterson's warning concerning the financial irresponsibility of the Bush Administration. Go here for the complete article in Foreign Affairs Magazine. Here is the summary: "Three long-term trends are threatening to bankrupt America: the burgeoning costs of waging the war on terrorism, the U.S. economy's increasing reliance on foreign capital, and rapid aging throughout the developed world. Washington must understand that committing the United States to a broader global role while ignoring the financial costs of doing so is deeply irresponsible."