Chapter 16

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The United States of America is going to run out of money and run out of credit and it's not going to be a very happy time after it happens.

I've never been comfortable with the level of luxury that Americans think that they deserve. Spectacular malls, huge TVs, fat guys on riding mowers, power windows on even the most basic vehicles -- even dorm rooms are luxury suites nowadays. Everybody acts as though money is infinite forever; everyone floods it on things that it is crass to even want.


Public services are going to have to diminish. They have to. There isn't the money to pay for them.

Here's one of the things that made it clear that we are in even deeper trouble than you may have thought: The Post Office can't afford to survive, operating as it is now. One partial remedy would be to discontinue mail deliveries on Saturday. But, when the option is proposed, people scream like they're being whipped. Americans can't even give up such a tiny little concession as that. On such a semi-obsolete service as that.

People will never, ever, ever give up the mortgage tax deduction, even though it is thoroughly arbitrary, unfair, corrupt, and regressive. And, if it went away, the various sundry other taxes would soon swirl back to a more fair distribution of the load.

How are people going to feel when they have to give up police and fire departments and roads and bridges and Social Security?