MN Prager Discussion Group

Mark Steyn: Gradual insolvency about to speed up

from the Orange County Register:

“Including the unfunded liabilities of Social Security and Medicare, the United States owes 911 percent of gross domestic product, more than even Greece.

I was in Australia earlier this month, and there, as elsewhere on my recent travels, the consensus among the politicians I met (at least in private) was that Washington lacked the will for meaningful course correction, and that, therefore, the trick was to ensure that, when the behemoth goes over the cliff, you’re not dragged down with it. It is faintly surreal to be sitting in paneled offices lined by formal portraits listening to eminent persons who assume the collapse of the dominant global power is a fait accompli. “I don’t feel America is quite a First World country anymore,” a robustly pro-American Aussie told me, with a sigh of regret.

Well, what does…

View original post 1,136 more words

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About geneb527

Retired, but still spending an inordinant amount of time thinking about all things big and small. I am proud to be a strong constitutional conservative. I am also proud to have been married over 56 years to my wonderful wife, Louise. I continue to be amazed that she has put up with me for such a long time, but have been happy that she decided to do so. "The democracy will cease to exist when you take away from those who are willing to work and give to those who would not," warned Thomas Jefferson.
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