Biting More Than It Can Chew, writes Richard Posner in The Atlantic on the Obama Administration...acknowledges,with Paul Krugman, there is a.. budget problem but emphasizes there is "no long-run solution, or even the groundwork for it"...Obama's long-run program of social & economic improvement will be "immensely costly...& any economic benefits from the program-from having a healthier, better educated population or a slowing of global warming-will be realized long after immense costs..."

http://correspondents.theatlantic.com/richard_posner/2009/05/depression_aftershock_and_paul_krugman.php