Here's a painful story about good people suffering the ruin of everything they've worked for. The story of the Khilling family is fast becoming the story of millions of American families and will soon become the story of tens of millions of American families for many years--even decades--in the future. Ever since the end of WWII, America has been living on credit supported by increasingly embittered foreigners accepting American government debt (a.k.a fiat dollars backed by nothing) for the products of their hard work. That way of life is now dead, dead, dead. We Americans are today living through the crash of this consume-now-pay-never lifestyle, and we are in terrible trouble. The suffering has just begun. Mr. Obama offers us nothing but a last-ditch, desperate version of the same thing that got us into this titanic mess: borrow trillions, spend them, and hope everything turns out right somehow. This is nuts; it won't work. Just ask the Khilling family.
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