"In other words, we — through our government — are spending money that we don’t have. We’re told the rich will pick up the tab, even though there are not enough rich with enough money to squeeze out the necessary amounts. Our new demagogues, though, are arguing that this is the only fair course of action. Meanwhile, these leaders — who have taken so much Wall Street money in the past — are driving us into fury to punish the guilty on Wall Street. This is truly the age of mindless mob rule."

Read the whole thing.