The United States as Junkie

In case you haven’t been paying attention, the United States is ill. It has a sickness, a disease of the collective minds. It can’t stop spending. It needs that satisfying fix. It adds nearly $1.63 billion to the national debt each day. Some economists expect the war in Iraq will top $2 trillion. It’s getting worse.

After World War II, the United States was the “dealer” of credit. Now, it is the addict, the junkie, and if you’ve ever known a junkie running dry, you’ve been witness to rather pernicious activity. They are prone to anger. They tend to take uncharacteristic risks. They sell property that isn’t theirs…


The Daily Reckoning