HOW TO GET TO ROUND FOUR OF THE 9 INNING GAME?: Martin Feldstein: The Economy Is Worse Than You Think - WSJ.com
Great article.
The Democrats remind me of the family that always overspends its budget with too much consumption funded by running up the credit cards.
The Democrats don't realize that there are consequences - they just want to give away government benefits to those they believe deserve them.
And, like people with credit cards, they believe the banks should just keep increasing the amount of credit.
In this way, American Democrats are like Greek and other union-thralled socialists in Europe who believe the government can keep borrowing to pay for bloated payrolls and unaffordable social benefits.
The real question is what it will take to force a change? Is there really anything on the horizon?
Wednesday, June 8, 2011
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