Thether in the fights over the U.S. debt limit or the rioting in Athens, the common global theme is not poverty in absolute terms, but more often fairness — as in having about the same amount of things as others do.
Here in America, the months-long impasse over the national-debt ceiling continues. President Bush borrowed nearly $5 trillion in eight years. But President Obama easily trumped even that staggering figure with his plan to borrow over $6 trillion in his first four years in office. The architects of his economic policy — Austan Goolsbee, Peter Orszag, Christina Romer, and Larry Summers — have all resigned, and are now either back in tenured academia, making lots of money in the much-criticized revolving door, or writing op-eds about why the president’s plan isn’t working — or all three.