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Wednesday, January 28, 2009
This morning on FOX News, (former) Sen. Rick Santorum described the House as the place where the "inmates are now in charge of the asylum." No doubt about that, but in a larger sense it's true of America in general and it's the Boomers who are the "inmates." Victor Davis Hanson puts it thus:
More here.
hat tip: The Papa
If anyone wished to know what the baby-boomer generation would do when, in its full maturity, it hit its first self-created, big-time recession, I think we are seeing the hysterical results. After two decades of unprecedented economic growth, rampant consumer spending, and unimaginable borrowing to satisfy our insatiable appetites, we are suddenly going into even larger debt and printing trillions of dollars in paper money to ensure that someone else after we are gone pays the debt. As if the permanent solution to a financial panic and years of spending wealth we didn't create were a government take-over of the economy in the manner we currently witness in Spain, Italy, and Greece—or the high-tax, high-spend ethos of a bankrupt California.
More here.
hat tip: The Papa
Labels: Money, Political Observation, Social Observation, Theater of the Absurd
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