Are We Doomed?

The federalization of the private sector, the constant talk of higher taxes, the demonization of the entrepreneur, and the war against the gas and oil industries seem to ensure an ossified economy that guarantees, in turn, a need for more entitlements that, in turn again, only raise the deficit and slow down the economy further — in a self-perpetuating cycle that cannot be stopped and yet cannot go on. And yet it can go on for a while longer on borrowed money to the benefit of those invested in receiving from big government.

via Are We Doomed? – Victor Davis Hanson – National Review Online.

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