I watched 60 Minutes last night, and aside from being entertained by Andy Rooney's curmudgeonly ranting, I was deeply disturbed by a story about David Walker. He has been derided by some as a "Chicken Little" about the nation's fiscal health, but I can find no flaws with his arguments. It's sad that he's realized that he can accomplish nothing by dealing directly with our elected representatives, but I find his determination encouraging. The government of the United States is heading towards financial ruin, and no one in power is doing a damned thing about it. I'm worried for myself and for the generations to come. When my grandparents were children, they had the Great Depression, and something even worse is on the horizon. Clinton didn't totally suck on this issue, but he didn't do enough, and Bush, instead of at least standing on that progress, has actually made the problem significantly worse. All in all, this is a disaster waiting to happen, and it's proof that Keynesian economics simply don't work. Mises was right all along, or at least, he was more right than wrong.
I encourage everyone to read this story at the link below: