"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Abandoning the Future: The Ruinous Consequence of Debt
Submitted by Melinda L. Secor on Sun, 2012-01-15 02:00
"So we are faced with an insoluble dilemma, which goes something like this: Default on the debt and inflict tremendous economic pain now, or keep borrowing and inflict even worse economic pain in the future, because, let’s face it, you can’t borrow forever. And what can’t go on forever will, as the saying goes, someday stop."
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