Belmont Club

By Richard Fernandez

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Ex cathedra

July 22, 2008 - 6:59 pm - by Richard Fernandez
Jay
2008-07-23 13:19:51

Thirty years of research in the fields of formal theory in political science and political economy have shown that democracies are inherently unstable, especially simple democracies. Our republic is more stable than most but the center of US politics has cracked.
Lump a free deficit spending Congress with the financial problems and the goofy greenies and we can become bankrupt in a hurry.
I do not expect my defined contribution pension will be worth much in five years. Since my wife has not worked since we were married 42 years ago I have to keep working if the dollar keeps going down.
A presicent Obama will be a disaster for at least me and my family.