Bush's deficits are scarier than terrorists

Last year, economists were more concerned about the impact another terrorist attack could have on the economy. This year, large deficits with no end in sight are the biggest concern of economists, according to a survey conducted by the National Association of Economists (1).

Just seven months ago, while the Bush campaign was shamelessly exploiting the "wawr on terrah" and whipping up the threat of more terrorist attacks to get dunderhead re elected, not surprisingly, most economists were worried about terrorism.

Now that their faculties have been restored, they're beginning to realize that Bush's fiscal policies present a greater threat to the United States than Osama bin Laden.

I still remember the debates I had with Republicans back in 2000 about how a Bush presidency would be the fiscal ruin of the United States, falling particularly hard on the post baby-boom generations. The end times are nigh.

1) Interview with David Wyss, chief economist of Standard & Poor's, aired on PBS' Nightly Business Report, 21 March 2005.