(Washington Examiner) A former White House budget chief is warning that the nation is facing a new "red menace," not from Soviet missiles but one just as threatening: red ink.
Mitch Daniels, the president of Purdue University and the former two-term Indiana governor and one-time Bush budget boss, is warning that Washington has very little time to fix the economy and increase economic growth before the nation craters.
"It's an issue which this generation will be judged on," he said during a trip to Washington to encourage other educational institutions to demand economic reform. "Friends of the research enterprise should be out front demanding bold action to reform entitlement spending," he said.
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