Lady Thatcher’s axiom regarding Socialism has come to California. They have “run out of other people’s money” at least in the sense that tax revenues are plunging. The table below shows the accounting results of a dying economy. Doug Ross… Read More »California Imploding Just Like Greece
In one of her most quoted lines, Margaret Thatcher observed: The trouble with Socialism is, sooner or later you run out of other people’s money. The United States has reached the point identified by Lady Thatcher. Other welfare states of… Read More »Good Bye Welfare States and Government as We Know It
The Welfare State grows and grows and grows until it “runs out of other people’s money.” Then it collapses. To understand what is happening around the world, refer back to the previous two statements. Deficits and balanced budgets are political… Read More »Stop Spending, Stupid