"The immediate cash-flow crisis has passed, but the long-term solvency crisis remains."

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Whom Would Jesus Indebt?
“…the morality of spending and debt has been so thoroughly demagogued that it’s impossible to advocate cuts in government spending without being accused of hatred for the poor and needy.”

Jim Peet
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A good read from the WSJ

Entitlement state time bombs ... the road to fiscal perdition