Caroline Baum is a Bloomberg View columnist appearing on Thursdays. The author of "Just What I Said: Bloomberg Economics Columnist Takes on Bonds, Banks, Budgets and Bubbles," she has been a Bloomberg columnist since 1998.
In 2004 and 2005 Baum received first-place National Headliner Awards in the wire service/commentary category. From 2002 to 2003, Baum hosted the weekend radio talk show "No Nonsense" on Bloomberg Radio. Before coming to Bloomberg News, she was a columnist for Dow Jones, and has been writing about the economy and the bond market since 1987. Baum has a B.A. in political science from Tufts University and an M.A. in cinema studies from New York University. She lives in West Tisbury, Mass.
If spending is, in fact, the goal -- and based on what I read, it seems to be -- then success is within the government's... READ MORE