Forbes columnists ;like to bullshit a lot, and they have an interesting tell. Right before they say something totally ridiculous, they first go through a "yes there's this other point of view but Serious People Know Best Just Ask Me."
You know what's the first sign of Nazis? Angry letters from your Congressman:
And it isn’t strictly about the First Amendment. Yes, it’s disgusting that a state legislator who purports to have a PhD knows nothing of his constituents’ free-speech rights (or the proper use capital letters), but he’s far from the only ignorant, hypocritical politician in America.[...]Earlier this summer, Boston Mayor Thomas Menino foolishly told a business, Chick-Fil-A, that it wasn’t welcome in his town because of the company’s political advocacy. He was lambasted and rightly so. This incident is far worse: Menino was targeting a business, not an individual, and it was a business he currently has no jurisdiction over. While repugnant, it was political blathering....Burns’ Gestapo tactic goes a level further, and it should make any business owner wince.The economy will be destroyed if the government goes into debt!
For most of us, the debt seems like an abstraction. We can’t see or feel the debt. The debt doesn’t appear to have any tangible effects. But the debt is a serious problem. It’s become a bit of a cliché to point out how the debt crisis is wrecking Europe. And the European situation is different from our own.
But rest assured that if foreign governments like China stop buying our debt, interest on that debt will rapidly rise.
Imagine an America where all purchases are made with cash, and where nobody can buy or sell a home. That is an economy in free-fall.