from the Canadian Free Press
Alan Caruba Tuesday, January 17, 2012
The President has asked that the debt ceiling be raised another trillion or so and Congress will comply. That, I submit, is insane
In 1991, the Soviet Union, arguably the greatest experiment in Communism, collapsed. After Mao Zedong died in 1976, his successors moved to shift its Communist economy to one that embraced Capitalism while retaining centralized government control.
Following World War Two, the recovering nations of Europe were rescued from Communism by the Marshall Plan, but adopted Communism-Light in the form of Socialism. The U.S. was already headed in that direction, creating programs that we now call “entitlements.” For most of the nation’s history, such “entitlements” did not exist. . . . read complete report