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Tuesday, December 4, 2012

Debt Puts U.S. on Path to Decline

Debt Puts U.S. on Path to Decline

Mona Charen, National Review
The incomparable Walter Russell Mead, writing in the American Interest, offered a glimpse into the coming dystopia:"Things are getting worse in San Bernardino. The city filed for bankruptcy earlier this year, but its financial situation has continued to deteriorate. And now with what promises to be a heated court battle over payments to the state pension fund in the offing, further cuts are likely."Things are getting so bad that at a recent city council meeting, the city attorney advised residents to 'lock their doors and load their guns' because the city could no longer...http://www.realclearpolitics.com/2012/12/03/debt_puts_us_on_path_to_decline_297150.html

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