Thanks for a great post. It all boils down to common sense, but that seems to be in short supply nowadays. You simply cannot spend more than you make forever. Bills come due, sooner or later it has to be paid, either literally or in severe consequences.—JM
Yes! Very, very "severe consequences."
They are, in effect, mortgaging the fruits of generations of American labor and ingenuity, to bail out some of the worst forms of human folly.