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Overnight Open Thread

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Leonidas Hoplite3/31/2009 5:41:25 am PDT

Good morning everyone! Here’a a link to another fine piece of perspective from Victor Davis Hanson.

In the last three months, we’ve been reduced to something like the ancient Athenian mob — with opportunistic politicians sometimes inciting, sometimes catering to an already angry public.

Lately we’ve allowed our government to forget its calmer republican roots. We’ve gone Athenian whole hog.

But there is a problem in paying for the $3.5 trillion in budgetary expenditures that Obama has called for in the coming fiscal year. Proposed vast additional taxes on the “rich” still won’t be enough to avoid tripling the present budget deficit — and putting us on schedule over the next decade to add another $9 trillion to the existing national debt.

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