The coming debt bomb

Go read this if you're under the age of forty.  Do it now.  Hell, read it if you're over forty just to appreciate how much you're going to get screwed.

Nowadays, the feds are borrowing something like 40 cents of every dollar they're spending. That bill is going to come due eventually and when it does, the people who spent it will be long dead. And so will the economy, suffering from a "debt hangover" that all the Advil in the world won't help. We're getting perilously close to the debt-to-GDP ratios that economists Carmen M. Reinhart, Vincent R. Reinhart, and Kenneth Rogoff say will significantly retard economic growth for an average of 23 years.

It should go without saying that it doesn't have to be this way. And don't buy into the idea that the way things are is just part of the circle of life. You're the mark here, the chump who's believing in Bernie Madoff even after the grift has been revealed. There's not going to be a bigger idiot to come along and keep the pyramid scheme alive. You can tell yourself that this is all part of living in a society, that's it for the common good, that there's simply no way a class of people with only 45 times the amount of household income as you do can get by without you sacrificing so much. But you're kidding yourself, kiddo.

I think the 60's, and the socialist hippy class that the 60's produced, is the time where the cancer of progressivism metastasized into it's lethal form.  And we're in the late stages now.