Will Obama-time be a transitory experience or an enduring tragedy?
Victor Davis Hanson.
"Keynesians have sermonized for decades about a truly appropriate mega-debt. Now we’re quickly on the way to achieving that vision, to testing just how much debt a country can incur and still survive. If Reagan and Co. talked about “starving the beast” — cutting needless government spending by first reducing tax revenue — this is the age of “gorging the beast”: borrowing and spending as much as possible to ensure later vast increases in taxes, and with them proper redistributive change."
My vote is to starve the beast, but I'm afraid that I am now in the minority.
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