The Welfare State’s Death Spiral
Posted in Main Blog (All Posts) on May 10th, 2010 4:31 am by HL
The Welfare State’s Death Spiral
Robert Samuelson, Newsweek
National Debt & Root Canal Politics
Thomas Friedman, New York Times
DEATH NOTICE: The Tooth Fairy died last night of complications related to obesity. Born Jan. 1, 1946, the Tooth Fairy is survived by 400 million children living largely in North America and Western Europe, known collectively as “The Baby Boomers.” “We’ll certainly miss the Tooth Fairy,” one of them said following her death, which coincided with the 2010 British elections and rioting in Greece. The Tooth Fairy had only one surviving sibling who will now look after her offspring alone: Mr. Bond Market of Wall Street and the City of…