Friday, March 25, 2011

Where Do You Draw the Line?

SEE HERE The economic collapse of the United States seems inexorably linked to a failure of principle and nerve in the region inside the beltway. We will all pay a heavy price for this failure if it continues because make no mistake about it, this behavior is not sustainable and the day of judgment is at hand because of runaway entitlements and runaway spending producing unsustainable debt whose interest rates are sure to rise as the government prints more and more unbacked and unbackable money. The only question is whether the crash will be slow or fast. It's not even clear which would be better. Both would be painful and create great economic suffering.

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