To Hell in a Hand Basket

By David Stockman

​The eruption of government red ink literally defies imagination. The deficit figure topped $863 billion during the month of June alone.

Indeed, the number is so massive that it’s hard to put it in context. But consider this: When your editor joined the Reagan campaign in the summer of 1980, the public debt was also $863 billion and it had taken 192 years and 39 presidents to get there.
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So during the last 30 days, the clown brigade which passes for a government in Washington has ...