Pat Buchanan on the "Coming Age of Austerity"

"With government in the U.S. at all levels consuming 40 percent of gross domestic product, and taxes 30 percent, taxes will have to rise and government spending be controlled or cut. The alternative is to destroy the debt by depreciating the dollars in which it is denominated – i.e., by Fed-induced inflation." Patrick Buchanan || The Coming Age of Austerity