| | Mark Steyn's column is well worth a read. Here are just two quotes from If 'Unsustainable' Is New Normal, Collapse Is Closer Than We Think
"Obama's spending proposes to take the average Bush deficit for the years 2001-08 and double it, all the way to 2020. To get out of the Bush hole, we need to dig a hole twice as deep for one-and-a-half times as long. And that's according to the official projections of his economics czar, Ms. Rose-Colored Glasses.
By 2015, the actual hole may be so deep that even if you toss every Obama speech down it on double-spaced paper you still won't be able to fill it up. In the spendthrift Bush days, federal spending as a proportion of GDP averaged 19.6%. Obama proposes to crank it up to 25% as a permanent feature of life.
But if they're 'unsustainable,' what happens when they can no longer be sustained? A failure of bond auctions? A downgraded government debt rating? Reduced GDP growth? Total societal collapse? Mad Max on the New Jersey Turnpike?"
Few writers are as quotable as Steyn... I could have done copy-pastes blindly from his column and hit paydirt, "Did you get your pay raise this year? What's that, you don't work for the government? Yes you do, one way or another."
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