Steyn ping.
More depressing: Steyn points out that Porn movies, Disco culture from the 1970s and US government policy have all melded together and have become indistinguishable. This is probably not what the Founding Fathers were hoping for.
As long as interest rates stay right where they are, there’s no great pressure on Washington to change business as usual. If the bond markets decide they can no longer live on what they collect today, higher interest rates will jolt Washington into action. Short of that, things will remain as they are now.
As long as interest rates stay right where they are, there’s no great pressure on Washington to change business as usual. If the bond markets decide they can no longer live on what they collect today, higher interest rates will jolt Washington into action. Short of that, things will remain as they are now.
As long as interest rates stay right where they are, there’s no great pressure on Washington to change business as usual. If the bond markets decide they can no longer live on what they collect today, higher interest rates will jolt Washington into action. Short of that, things will remain as they are now.
At that point (with $3.6 trillion Federal Budgets, we're 90% of the way there already), the Federal Government spends a dollar in the time it takes light to travel a mile-and-a-half.
Ahhhh......the 70s......bell bottom pants.....those tall shoes.....silk shirts......disco.....BJ and The Bear.....Barry Manilow.....Jimmy Carter.....how did I manage to live through that......make the bad memories go away.....
Which means, to meaningfully balance our budget, we have to admit to ourselves that government is twice the size it needs to be. Twice.
The existential threat we face is the fact that there are no politicians who are ready to face this fact and act on it. None at all.
And the reason for that is the fact that the voting public is unable to wrap their minds around it. Most of us here at FR can, but until Uncle Harry and the neighbors up and down the street start to get it, we've got no chance.
Get your families ready for hard times. Work and pray.