Friday, April 8, 2011

A bankrupt nation wakes up

“The story of the past half century is that Americans found a way to extract money from future generations and leave them with the bill,” said Christopher Caldwell. “What they have been enjoying is not prosperity but luxury. As Mr Ryan sees, they face the serious and open question of whether they are morally capable, over the long term, of living within their means.”

Duh.

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