U.S. Economy “Close to a Destructive Tipping Point,”

September 29, 2010 09:47

“America is very close to a destructive tipping point,” co-authors Glenn Hubbard and Peter Navarro warn in their new book Seeds of Destruction. “We must change how we conduct our politics and economics…or we will inevitably go the way of all once-great nations and suffer an irreversible decline.”

byAaron Task at YAHOO FINANCE

“But if Bush was a big spender, President Obama is “taking it to a whole other level,” Hubbard says, citing the familiar critiques of ObamaCare and Financial Reform and “excess government spending” in general.”

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