Bob Burnett - America's Locust Years

http://www.huffingtonpost.com/bob-burnett/americas-locust-years_b_488569.html
____________________________________________________________________________________________________________

 Stiglitz and Friedman agree that America's locust years began in 1980 with election of Ronald Reagan. It "ushered in an age in which we told ourselves that we did not have sacrifice anymore for a better way of life." As a consequence, Friedman continues, "We became a subprime nation that thought it could just borrow its way to riches." This party hearty and damn the consequencesattitude prevailed for thirty years, notably with George W. Bush, who after 9/11 said the appropriate American response was not collective sacrifice but rather to "go shopping."
_________________________________________________________________________________