Geraldine Sealy quotes Paul Krugman in a Salon article:
Paul Krugman, who actually is an economist, has an even scarier warning: We’re turning into Argentina. In an interview, Krugman told Reuters he’s most concerned Bush will ignore the advice of economists and push through more tax cuts while also trying to privatized Social Security. ‘If you go back and you look at the sources of the blow-up of Argentine debt during the 1990s, one little-appreciated thing is that social security privatization was a important source of that expansion of debt,’ said Krugman. ‘So if you ask the question do we look like Argentina, the answer is a whole lot more than anyone is quite willing to admit at this point. We’ve become a banana republic.'”