Debt: The American Way
We are now racking up, as a nation, $1 million per minute in debt. Let me write that out for you: $1,000,000 per minute; $16, 667 per second; $60,000,000 per hour; $1,440,000,000 per day (that’s in the billions folks!). Staggering, I know. And yet, we persist in thinking that a national drug plan is a good idea. Even Republicans (link requires a subscription to National Review, which really, you ought to have anyway) according to Ramesh Ponnuru.
Ramesh makes the point that Americans generally believe that they believe in smaller government when asked, but mention a specific program and you get the whole, “well, I’m not sure about that program” routine. The facts speak for themselves. Democrats own the organ of spending (Congress), spending shoots up. Republicans take over the organ of spending (on a program of fiscal restraint ironically enough), spending shoots up. Unfortunately, folks, we’ve run out of parties unless the Libertarians ever gain traction. The moral of this story is unlimber your wallets, because the ride could get bumpy from here on out.

