Friday, April 9, 2010

CATO Institute Discussion - Is Obama Bankrupting America?

What follows is an interesting discussion pointing out how special interests influence politics and work to direct government spending – right into bankruptcy…

This is a not just an Obama problem, it is a systemic problem. The system has entered a parabolic growth phase in regards to government spending. This growth now must continue exponentially or the economy will suffer. It is simply not sustainable, and thus much suffering, more than is already occurring, is on the way. (ht Kevin)