Seems like so many of our problems go back about forty-five years, don't they?

A new report from the Federal Reserve Bank of St. Louis demonstrates that both the taxation rate and the government spending rate really began to accelerate around the beginning of the 1970s, with spending quickly outpacing revenues.  The die was cast.  Profligacy became structural, a given.

And, of course, we're now at the point, because of the exponential acceleration over the last four years, where no amount of taxation could allow governmental income to catch up with outflow.

And, of course, the planned-decline Freedom Haters don't give a flying diddly.

Look!  There's the precipice!  Pass the flask and floor it!