Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Saturday, September 26, 2026

Debtor's Prison

 David Frum - a conservative conservative, not a Republican/Trump conservative - make the case that among the myriad crisis brought by Trump and the GOP, the looming issue of debt is perhaps the most critical. Trump - who made a living off declaring bankruptcy - seems to want to do the same with the United States. The result would be catastrophic, but hey, why should we worry that Trump would do something stupid and self-destructive.

The rise in interest rates are going to hit everyone. This is...bad, and the next Democratic President will have to be a Bill Clinton-type who can extricate us from this disaster and then reap no goodwill for doing so until his presidency is over.

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