Sen. Arlen Specter knows more than he says:
Specter, R-Pa., said the nation’s economic situation is more dire than the public has been told, but did not elaborate.
“Our economic problems are enormously serious — more serious than is publicly disclosed. And I think we’re on the brink of a depression,” he told reporters at the state Capitol.
When I was a staff reporter for The Boston Courant, I covered a sensitive issue: groundwater. Many homes in downtown Boston rest on underground wood piles that are submerged in water. If the water levels fall, as had been happening, then the wood begins to rot, and the foundations of the home can become significantly damaged.
For one particular story, I was going to discuss how the groundwater might cause local property values to fall. When the editor saw my draft, he became absolutely livid and yelled in that special way that only journalists can. He said that if I mention that issue, which was a reasonable concern, then local residents might panic — forcing property values to fall anyway. In addition, angry property owners might have sued the newspaper.
In politics and journalism, there is always tension between the values of truth and security. Should I report about groundwater’s affect on property values or keep the concerns of local residents in mind? Should the New York Times report Osama bin Laden’s speeches and statements even though they might contain coded instructions to his followers? Should the federal government tell the American people exactly how bad the U.S. economy is going to become even though it might stoke panic and a rush to sell whatever financial assets people have?
It seems that Spector, as well as most government officials and members of Congress, know the depth of the problems that the United States is facing. But how much should they tell the American people?

