‘Fiscal Fantasy’ (2012)

Image result for images of pile of money burning

A burnt offering to the not-god of socialism

About the only thing that’s changed since I wrote this, seven years ago, as that the high-speed rail scheme, after burning through billions of dollars to no effect, went belly-up last year.

Fiscal Fantasy

All the dark-blue Democrat states are in serious financial trouble. It’s only a matter of time before California and Illinois go into receivership. Do we even know what happens if a state goes bankrupt? I knew a New Jersey town that went bankrupt in the 1930s and was almost a ghost town by the 70s–almost all of every tax dollar they collected went to pay off the debt. They had fifty years of dreary misery before getting out from under that.

“Yeahbut, yeahbut, yeahbut! Of course we can keep spending money we don’t have! We’ll either get it back in taxes or it’ll rain down from the sky!”

Nothing good can come of being governed by lunatics.