Quote notes (#14)
ParaPundit captures America’s game of political chicken with exceptional acuity:
The sorts of people who can generate the incomes (and therefore tax revenues) to pay all these [pension] liabilities are becoming rarer. Of course this means the Republicans are road kill. But the demographic ascent of the Democrats into power will give them something like command of the Titanic as it hits an iceberg. In fact, the Democrats decided to head for the iceberg as their sure fire way to get permanent control of the ship.