The country has gotten into a painful fiscal predicament because both parties have let us believe we can have more and more goodies from Washington at no additional cost. The recent explosion of federal spending has succeeded in one way: It has exposed that assumption for the fiction it was.I have a feeling about that -- it may take a little while, but the ground that's been shifting under our feet is not done shifting by any means.
Like Bernie Madoff's investors, we now face the bleak truth that the comfortable future we expected is gone. Everything the federal government is doing will be forcibly extracted from our future earnings. The tea party protesters see that and are angry. Can the rest of the country be far behind?
Monday, April 20, 2009
An excellent question
From Steve Chapman: