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Why can’t these people wake up? Don’t they have children, grandchildren? Don’t they realize we are going broke? The evidence is everywhere — from Michigan to Madrid. Keynesian economics — the welfare state itself — has become completely inoperative, morphed into a Ponzi scheme by an aging population.
You can pretend that’s not true. You can put your fingers in your ears and wait for it all to go away. You can recite the mantra about taxing the rich until you drop, blame Bush until he’s a figment of our memory more distant than William Henry Harrison, or pledge your allegiance to Gaia while circling the globe in a solar-powered Lear jet. But the reality remains.
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