We immigrants can sometimes sound a little hysterical about this because we come from places that have tried this and we know where it leads. Anybody who's lived in countries with socialized health care knows that it becomes the dominant political issue.
The president has borrowed more money to spend to less effect than anybody on the planet.
Those who can do. Those who can't form a supercommittee.
If the IMF is correct (a big if), China will be the planet's No.1 economy by 2016. That means whoever's elected in November next year will be the last president of the United States to preside over the world's dominant economic power.
We're on the brink of a world in which the wealthiest nations, from Canada to Norway to Japan, can barely project meaningful force to their own borders while the nickel 'n' dime basket-cases go nuclear.
Question: How much do you have to invest in the future before you've spent it and no longer have one?