The New York Times Still Has Not Heard About the Recession

It sometimes hard to get news about the economy over in the middle of New York City. Communications ain't what they used to be. That is what people might conclude after reading David Leonhardt's piece telling us that our big problem is that the United States and governments in Europe have promised too much to their populations.

Leonhardt tells us:

"On the most basic level, affluent countries are facing sharply increasing claims on their resources even as those resources are growing less...