Quotation of the Day…

by Don Boudreaux on July 21, 2011

in Budget Issues, Current Affairs, Other People's Money, Politics, Reality Is Not Optional, Taxes

… is from the latest column in the Washington Post by the national treasure known as George Will:

Richard Miniter, a Forbes columnist, is right: “Obama is not the new FDR, but the new Gorbachev.” Beneath the tattered, fading banner of reactionary [“left-” (i.e., “not-“) -DBx] liberalism, Obama struggles to sustain a doomed system. Democrats’ dependency agenda — swelling the ranks of government employees, multiplying government-subsidized industries, enveloping ever-more individuals in the entitlement culture — is buckling under an intractable contradiction: It is incompatible with economic growth sufficient to create enough wealth to feed the multiplying tax eaters.


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