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Quotation of the Day…

Posted By Don Boudreaux On July 21, 2011 @ 11:38 pm In Budget Issues,Current Affairs,Other People's Money,Politics,Reality Is Not Optional,Taxes | Comments Disabled

… is from the latest column in the Washington Post [1] by the national treasure known as George Will:

Richard Miniter, a Forbes columnist [2], 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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[1] latest column in the Washington Post: http://www.washingtonpost.com/opinions/sustaining-the-unsustainable/2011/07/21/gIQAI6mtRI_story.html

[2] Richard Miniter, a Forbes columnist: http://blogs.forbes.com/richardminiter/2011/07/18/why-the-democratic-party-is-doomed/

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