A liberal Kentucky blogger this morning displays maddening devotion to the goofy bureaucratic idea that governments can take in tax money, spend it, count it as a loan to itself -- and therefore an asset -- and that none of this carried on at a rapid pace for years and years represents a crisis. And these are the same people who extrapolate a warm month or two into boiling oceans and Canadian tropics.
All this reminds me of gubernatorial wannabe Jonathan Miller and the moribund KAPT program. Keep swinging, guys.
As baby boomers and their children -- with their vast sums of stock market funds -- grow older, the inevitability of private accounts in Social Security scares them silly.
