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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Monday, April 25, 2011

Pajamas Media » Maxed Out America: Coming Sooner Than You Think

Maxed out? Come on, this is the USA. So certain people or entities can never be maxed out as far as their credit card is concerned? Sorry, but there is a limit to the ability of USA to borrow money. WE just are not exactly sure where that is. However, keep borrowing $1.5 trillion per year and we will find out pretty soon. Good luck USA, you have no idea what your profligate spending that you have convinced yourselves is necessary will cost you. What did you get for the whacked out spending? nothing, what will it cost? A while heck of a lot. The real world is that there is no free lunch but your politicians have been selling this idea for decades.

Pajamas Media » Maxed Out America: Coming Sooner Than You Think

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