Failure of Liberal Governance - WSJ.com

Failure of Liberal Governance - WSJ.com Ring up that credit card!

Meanwhile the 'national credit card' is being charged up as never before and plant and equipment are wearing out.

When (and if) we come out of this mess, there will be lots of old and near-old people who will find the magic of a well-funded (by government substantially) retirement that gives them roughly the same number of years not working as working is a nasty mirage.

To right the economy, we can't take more money out of it for entitlements. We need to take vastly less.

As the credit card is charged higher and higher - it's like a family in the same situation. Too often bankruptcy is the only way to get out from under the burden of debt for a restart.

Will America need to inflate its way through a bankruptcy????