Wednesday, February 01, 2006

Rubin: We must change policy direction

If you have not yet read former Treasury Secretary Robert Rubin's article, "We Must Change Policy Direction" in today's Wall Street Journal , you've missed an important political moment. In the piece, Rubin recognizes many of the economic threats and inequality we have been sounding daily here on TomPaine.com, such as the trade deficit, the coming Medicare crunch, flat or decreasing median income and a national savings rate stuck at zero. Faced with these and other serious problems, Rubin calls for politicians on both sides of the aisle to set aside their orthodoxies and ideologies and change policy direction on many fronts. Finally, this current director of Citigroup outlines a framework of policies he believes is sufficient to anchor that change.  [more]

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