If we want a government this size, we are going to have to pay for it. Not even Obama’s planned eat-the-rich looting spree will be enough. For the kind of government we have now, everyone will have to be looted. Peter Schiff, Euro Pacific Capital CEO, laments that not even the Fiscal Cliff will provide a sufficient course correction:
Alternatively, we could have cut the federal government down to sane dimensions. But the catastrophic election eliminated that as a near term possibility — and America no longer has a long term.
On a tip from Ghost of FA Hayek.