Read the Whole Thing, because it’s kind of bracing to realize just how well and truly screwed we are.
“But hey, free birth control!”
Via Other McCain.
Captain White Just Rearranged the Hell Out of Those Deck Chairs.
Tag Archives: Debt
“Pop” Goes the Student Loan Bubble
And so it’s official: Pop goes the student loan bubble, as just confirmed by the Fed.
Luckily student debt is dischargeable in bankruptcy. Oh wait. It isn’t.
Fasten your seatbelts, it’s going to be a bumpy decade.
Canada, the Land of Fiscal Sanity and Tax Reform
While Europe and America have spent the last thirty years adding untold trillions to their respective debts, Canada has done the exact opposite. (h/t: Instapundit) Witness this graph:
How did they manage this? Continue reading
The Debt Can’t Go On Forever…
…and according to Walter Russel Mead, even Democrats are eventually going to have to embrace this reality:
Republicans and anti-blue statists will want to fix this because bad government is big government and takes a terrible toll on the economy (cumbersome procedures, bad decisions, a large and expensive staff). But smart proponents of a strong federal government will also want to change this status quo because the state as presently constituted is simply not able to take on all the missions they would like to see addressed.
That’s all well and good, but Andrew Cuomo aside, I don’t see the Democrats acknowledging this reality yet. And it’s going to be harder for them to do so, because so many of their key donor groups are dependent upon the old system. For every Cuomo, there’s two Martin O’Malleys who are doubling down on stupid.
The real question is, can we create a “post-blue model” before we become Detroit?
