The economy is based on borrowing

Sunday, April 3, 2005

MARK TRAHANT
SEATTLE POST-INTELLIGENCER EDITORIAL PAGE EDITOR

The news about the economy sounded pretty good last week.

The government reported the economy is on a roll again. The Commerce Department says there's a sharp pickup in the creation of jobs and we are earning more for our work.

This is good news to some people because it's proof that the Bush tax cuts are working. But there are lots of ways to interpret these facts.

The numbers I've been reading scare me.