I have an editorial in today's paper about the lesson Indiana should take from Detroit's collapse:
Like Detroit, America has unfunded liabilities, to the tune of $220 trillion, according to the economist Laurence Kotlikoff. Like Detroit, it’s cosseting the government class and expanding the dependency class, to the point where its bipartisan “immigration reform” actively recruits 50–60 million low-skilled chain migrants. Like Detroit, America’s governing institutions are increasingly the corrupt enforcers of a one-party state — the IRS and Eric Holder’s amusingly misnamed Department of Justice being only the most obvious examples. Like Detroit, America is bifurcating into the class of “community organizers” and the unfortunate denizens of the communities so organized.
That's National Review's Mark Steyn, via The Telegraph's Daniel Hannan, who compares the real-life Detroit to the fictional Starnesville of Ayn Rand's dystopian nightmare "Atlas Shrugged." Perhaps that's a bit hperbolic as a metaphor, especially when the whole country is dragged in with predictions of an imminent collapse. But, lord, it's certainly worth thinking about. There is a limit to everything, including how much of other people's money can be taken and squandered and how much government should do that common sense says people should do for themselves. It's an ongoing tragedy that half the country doesn't even believe there are limits, let alone understand that we have reached and surpassed them.