Just Tax the RIch Another $140 TRILLION; Problem Solved

SteynOnline - ENTITLEMENT SENSE: "Recently, in the London Telegraph, Liam Halligan bemoaned the way commentators focus on America’s $14 trillion of debt — i.e., the “debt ceiling” debt — without factoring in the entitlement liabilities of Medicare, Medicaid, and Social Security. That makes America’s real debt some $75 trillion, or five times GDP. Our own Kevin D. Williamson puts the FDR/LBJ entitlement liabilities a little north of $100 trillion." Once you add in state and municipal debt, you need to add a zero to that reassuringly familiar $14 trillion hole. The real hole goes ten times deeper: $140 trillion — or about twice as much as America’s total “worth.”

Wasn't that easy?

For my next trick, I will transform the Islamic world into a haven for liberal democracy by having NASA build up their math and science self esteem, and by apologizing for all of the atrocities that the United States has perpetrated upon them.