Politics and Fiscal Disaster

"When I asked for your advice, I didn't mean that you should actually speak."
--Bill Cabot (Sum of All Fears)

I thought this was a well written piece from an author who has been positioned for excellent perspective. Non-partisan (as in he blasts both sides of the aisle) in analysis as well.

Particularly liked his refute use common sense, back-of-the-envelope accounting of the popular argument that government intervention was necessary to save the system from collapse.

His primary thesis is primarily this: thru government's interventions, all discpline for fiscal oversight has gone out the window. And likely cannot be reversed.