The way out of the US fiscal crisis

The US fiscal crisis -- a way out:

Niall Ferguson: If the young knew what was good for them they'd join the Tea Party - Telegraph: " . . . one of the ways out of the current economic “mess” would be for “a heroic effort of leadership” to persuade all generations to “vote for a more responsible fiscal policy.” He suggests countries pass bills forcing their governments to balance the books and reign in "baby-boomers' profligacy", and says that voters are willing to "scapegoat" politicians and financiers but are unwilling to accept they borrowed too far. . . "

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