“...continuous borrowing burdens future generations in order to finance current consumption...”
“America's political system “cannot govern the entitlement state” that “exists largely to provide material benefits to individuals.””
“Hence, although Republicans are complicit, Democrats are ardent in embracing decadent democracy. This consists not just of infantilism — refusing to will the means for the ends one has willed — but of willing an immoral means: conscripting the wealth of future generations.”
That pretty much sums it up. There is no way this era of decadent entitlement will end well.
But it will end. And BHO hastens that outcome.