Financial Times FT.com

The fiscal consequences of the Bush administration

By Clive Crook

Published: April 13 2008 17:16 | Last updated: April 13 2008 17:16

Bromley illustration

Competition for “most damaging legacy of the Bush administration” is lively. Iraq is the front-runner, of course, but bear in mind the wreckage of fiscal policy – although to use that term is to imply that the US even has a fiscal policy, when it does not. It would be more accurate to talk of fiscal consequences or fiscal footprint (an apt metaphor) than to imply anything as deliberate as “policy”.

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