It’s good news for the country when even mainstream writers such as Anne Applebaum of the Washington Post are publishing pieces like this comparing the financial debacle in Greece to that of the U.S.
For decades, most Americans ignored the arguments that ever-increasing, open-ended government programs were a bad idea because they’d eventually lead to mountains of debt. Why not enjoy federal goodies now? Those curmudgeonly free market types are just trying to scare us away from wonderful, socially just programs like Medicare.
Now the long-run consequences are here. It’s much like the old story of the ant and the grasshopper.
