Wednesday, October 15, 2008
Belt-Tightening in Our Future?
Belt-tightening caused by the financial crisis might cause "the next administration to reluctantly share some of the burdens. But it would be a move born of dire necessity, not prudent forethought."
Or what may happen is that promises made will be promises unfulfilled. Perhaps more of the Georgian aid package announced before the markets went south will be reconfigured as loans, or redirected domestically--that is to say, it is money that Georgia can spend in the U.S. (say for equipment or services).