I don’t usually read Pat Buchanan’s columns, but this one dovetails so well with my last post, I couldn’t resist sharing the link. It explains why the Democrats and the Republicans won’t, maybe can’t, comes to terms with the mountain of debt that is going to destroy our economy. Meanwhile, as the article says, the Fed borrows at the rate of $30 billion a week.
I’d use stronger words, or a better analogy if I had one, but I don’t see how anything I say will make any difference. I think there’s going to be an economic catastrophe.
Debt is the worst poverty.