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.: July 2006 --> Ben Stein on the state of the US economy

Ben Stein on the state of the US economy

» Lawyer, writer, actor and economist Ben Stein looks at the economic landscape and gasps in horror.

We are mortgaging ourselves to foreigners on a scale that would make George Washington cry. Every day — every single day — we borrow a billion dollars from foreigners to buy petroleum from abroad, often from countries that hate us. We are the beggars of the world, financing our lavish lifestyle by selling our family heirlooms and by enslaving our progeny with the need to service the debt.
I don't see this — except for the taxes — as a Republican thing or a Democratic thing. It's just the way we live today. Drunken sailors from the Capitol to the freeways. Heirs living on their inheritance and spending it fast. The titans of corporate America getting as much as they can get away with and hiring lawyers and public-relations people if there is a problem. It is later than anyone dares to think.

(via htstw)

 [ 07.13.06 ]




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